Cache Creek Council gave its initial approval to its annual budget, contained in Bylaw 769.
The $4.8 million budget anticipates collecting $336,138 in property taxes and just over half a million dollars in grants. It also counts on $551,700 in landfill revenues for the next three years, at which time the contract with Metro Vancouver will be at an end. After that, the Village hopes to be able to bring in revenue from the Extension to the tune of about $280,000 per year.
The Village also plans to spend $1.3 million in capital expenditures, which includes the reconstruction of Maclean Crescent, a major park project that is currently underway, the Bonaparte viewing platform and walkways, and closing six of its wells this year.
There will be a special meeting May 14 at 2 pm in the Village Office to adopt the budget. Anyone is welcome to attend.