Budget Book and proposed Financial Plan now available Print Article Font Size
The Town of Golden’s 2020 proposed annual Budget and 2020-2024 proposed financial plan is now available in the 2020 Budget Book online at golden.ca/budget and in-person at Town Hall.
The Town is committed to sound financial management and developing a responsible budget. The proposed Budget and five-year Financial Plan focuses on increasing reserves to provide funding for renewal of Town assets and maintaining your levels of services.
“As Council steps into the second year of a four-year mandate, we see both exciting and challenging times ahead,” said Mayor Ron Oszust. “Before us is phase two of our formative dike project adjacent to the downtown core; an ask to the public for permission to borrow funds for necessary infrastructure improvements in the downtown; completing the Alexander Drive neighbourhood sidewalk renewal and removal project; and continuing investments in beautifying our community.”
At the January 7, Regular Open Council meeting, Mayor and Council passed the first reading of the proposed budget and five-year financial plan.
Highlights from the Budget:
  • Budget increase: Council is targeting a 3.5 per cent budget increase for 2020. This follows last year’s one time increase of 6.75 per cent, but is less than our typical 5 per cent adjustment. This increase will make sure that the municipality keeps up with inflation, while maintaining service levels. As always, we will be actively searching for as many grants as possible to alleviate the local tax burden for planned capital projects.
  • Water and sewer rate increases: the single residential rate will increase by 7.1 per cent for water and 6 per cent for sewer in 2020. This will be an increase of about $3.44 a month for a single residential property. This increase will cost less than a large coffee and donut a month.
  • 2020 Notable expenditures and initiatives: phase two of the Kicking Horse Dike Improvement project will be completed; an Infrastructure Replacement Assent (Alternative Approval or Referendum) will take place to ask the public for permission to borrow funds for necessary infrastructure improvements in the downtown; and work on the Alexander Drive neighbourhood sidewalk renewal and removal project will be completed.
“We encourage residents to participate in the public consultation process,” said Chief Administrative Officer Jon Wilsgard. “This is a chance for the community to ask questions, give feedback, learn about the different services the Town offers, and understand Council’s direction for 2020 and beyond.”
Residents are invited to provide feedback on the proposed budget and financial plan through the following opportunities:
  • Budget Open House:
    • January 21, 5 - 7 p.m. in Council Chambers at Town Hall.
  • Come to one of two upcoming Council Meetings. There is space on each meeting agenda for a conversation with Council about the proposed budget:
    • January 21: 1:15 p.m.
    • February 4: 7:00p.m.
  • Email: clerk@golden.ca title email as “2020 budget.”
  • Mail: Corporate Officer, Box 350, Golden, B.C, V0A 1H0.
  • Facebook: join the conversation on our page at facebook.com/townofgolden.
The public consultation period ends on February 7, 2020.

For more information, and to stay informed, visit golden.ca/budget.