Westbank First Nation gives next year's budget final approval - InfoNews

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Westbank First Nation gives next year's budget final approval

Westbank First Nation approves annual budget.
Image Credit: FILE PHOTO
March 30, 2017 - 7:30 PM

WESTBANK FIRST NATION - The Westbank First Nation council has given final approval to the 2017-2018 budget.

According to a press release, the property taxation revenue for this year is projected to be $13.8 million, up $500,000 from last year.

On average, property taxpayers for Westbank First Nation, will pay $1,797, up three per cent from last years $1,745.

The largest allocation of the money — $4.5 million — will be going towards general government, such as administration, governance and finance, the First Nation says.

Other expenditures include $1.9 million towards protective services, $1.9 million towards local services, such as transit, community centres and regional parks, $1.5 million will go towards community development, and $1.7 million will go towards homeowner grants. Recreation and youth programs will receive $600,000.

Westbank First Nation ranks 58 out of 162 registered municipalities in B.C., the release states. This number is based on market value increasing by 8.2 per cent, as well as new construction showing a 1.4 per cent growth over 2016.

All property tax rates and expenditure bylaws are sent to the First Nations Tax Commission for review. The final deadline for payment of propery taxes without penalty is July 4.

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