Fiscal Responsibility

by | Aug 13, 2018 | Focus points, News and Events, Platform

As a serial entrepreneur since I was 10 years old, I have been working on budgets, cash flows and business plans from a young age.  I’m proud to say I have never had to pay interest on credit cards and have brought the same mindset to my term on Council.

Once on  Council I was surprised to find out that keeping taxes low was done at the expense of our Asset Management – maintaining roads, pipes and planning for large infrastructure investments was delayed or never contemplated.  The Comox Valley Water Treatment Project was originally estimated at less than 50 Million dollars, but lack of planning and action allowed this estimate to balloon to over 100 Million dollars.  As Chair of the Water Committee I traveled to Victoria and Ottawa to ensure our project receives the maximum grant possible to keep municipal taxes low for our citizens.

I have also attended Provincial and Federal conferences to lobby the senior levels of government for a more sustainable funding model for Municipalities.  Although Municipalities only receive less than 10% of tax dollars, the vast majority of taxes are spent at the Municipal level.  Municipalities are then forced to compete with each other to complete critical projects in their communities.

I’m proud of the fact that we are moving forward with long overdue projects while only raising taxes in Courtenay by 1.5% this year – lower than the increase in the cost of living.  There is still lots of work to do and as your Mayor I will introduce a 10 Year Budget and Strategic Plan while lobbying our Province and Federal Governments to ensure sustainable funding for critical projects in our community.

Bob Wells

 

Bob Wells