Burnaby council held its last meeting of the year on Dec. 12. The summation of the meeting? Taxes, and mayor and council’s pay, are going up next year.
Council approved a new formula for mayor and council indemnities (salaries). The formula is intended to maintain the mayor and councils’ pay at levels in relation to the other six largest municipalities in the region. I’ll link to the specifics once they’re on the Burnaby NOW website, but it is likely that council salaries will increase (as they’ll be 45% of the mayor’s indemnities as of Jan. 1.)
Council also approved the provisional financial plan for 2012, which includes a 3.98 per cent residential property tax increase.
The final budget will be adopted in the spring, after the city looks over the provisional plan and committee budgets.