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HomeMy Public PortalAboutPolice Cost - PolicyCOUNCIL POLICY Effective Date - February 26, 2018 Page 1 of 1 Section: Council Title: Police Costs PURPOSE This policy is to establish a responsible program to help fund the expected significant increase in police costs that would start in the year 2022. Municipalities with populations from 5,000 to 14,999 pay 70 percent of the cost base described in the policing agreements. The Government of Canada pays the remaining 30 percent. In the latest census (2016) provided by Statistics Canada the Town of Oliver’s population is 4,928 residents. SCOPE This policy applies to Town of Oliver Council and the Chief Financial Officer responsible for preparing the Town’s Budget on an annual basis. POLICY STATEMENTS 1.Key Principles 1.1 Saving for the future, while paying for capital projects Council is concerned about the significant increase in property taxes at the time the Town’s population exceeds the 5,000 threshold. However, there are also significant capital projects that need to be completed over the next 6 years. By increasing property taxes in a steady manner over the next 6 years this ensures that the property tax base is at a sufficient level to handle the expected police costs. While Council is building the tax base for the expected police costs the funds will be used to fund capital projects. However, over the 6 years the annual Capital Budget will initially be deliberated without including the proposed tax increase to address future police costs. Then additional capital projects will be approved on an annual basis and are the projects deemed necessary by Council during that respective year. 1.2 Transition from capital projects to Police Costs In the year that the Town of Oliver starts paying for the police costs (2022 anticipated) the money that was allocated in previous year’s capital projects will be shifted from amount available for capital projects to the police costs. At this time Council will review the amount available for capital projects.