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Peterborough Currents2024 Budget Podcast Episode FivePeterborough has a budget! Councillors gave it their final approval at the city council meeting on December 11, 2023. During the council meeting, councillors made a couple of last-minute changes to lower the tax increase to 7%, including dipping ever further into the city's reserves and voting to raise transit fares by $0.25 per ride.Sebastian, Abbigale, and Will discuss what the implications of these decisions might be. Then, they reflect on the budget process as a whole.Thank you so much for listening to this podcast series. We can't wait for the 2025 budget!!MUSIC: Th...
2023-12-1617 minPeterborough CurrentsFive Stories From The 2024 Budget TalksCity councillors went through the 2024 draft budget page by page and line by line last week. By the end of the process, they'd whittled the proposed property tax increase down from 9.59 percent to 7.38 percent. But they accomplished that by shifting some of the tax burden away from residential property owners and on to business property owners — they didn't make any major cuts to the 2024 spending proposed by city staff.The budget process reveals so much about the city and how it works. In this episode of our podcast series on the 2024 municipal budget, we're covering five stories tha...
2023-11-2836 min