Newspaper Advertisement Incorrect

September 4, 2018

A recent ad in the Comox Valley Record contained incorrect information about the City of Courtenay budget and five year financial plan.

According to the ad, the 2022 budget of $69,269,000 was “82% greater than the 2012 budget of $38,165,560”. This is incorrect.

The correct percentage increase between 2012 and 2022 for the Consolidated Operating and Capital Expenses is 19.2%.

The actual budget figures are as follows:

Expenses

2012 Budget

Projected 2022 Budget

Operating Expenses

37,128,755

54,697,400

Capital Expenses

20,973,268

14,571,900

Total Consolidated Expenses

58,102,023

69,269,300

The City of Courtenay’s property taxes are within the range of comparable local governments: 
June 23, 2018 Black Press article “Taxing Vancouver Island” comparing 28 municipalities

Review the City of Courtenay’s 2018-2022 Financial Plan at www.courtenay.ca/financialplan