VINCENT city council has banked $740,000 more in rates than it was counting on, because it has 389 more properties in its boundaries than it had budgeted for.

Usually the council adds just 10 to 20 properties between the time the Budget is first drafted and when rates are issued.

Former councillor Dudley Maier says the windfall means households and businesses across the municipality are being slugged about $45 more than they should be.

He says at the very least, the extra money means the council should abandon its plans to raid the seniors reserve to pay the bills.

Vincent CEO Len Kosova says the reserve money may still be needed. Following a financial bungle under the previous administration, Vincent had been heading towards posting a $6.4 million deficit.

by DAVID BELL

Posted in

Leave a comment