THE City of North Vancouver unveiled its 10-year draft financial plan Jan. 28 with a finalized plan slated to be submitted to council Feb. 25.
Council is currently choosing between a two-or a three-per-cent tax increase for 2013, with the heftier tax hike providing $400,000 for the Harry Jerome rebuild.
City staff are scheduled to conduct a survey of city residents in advance of that meeting.
City tax-rate hikes have declined for the past five years, dipping from a four per cent increase in 2008 to a two per cent jump in 2012.
Property taxation provides $46 million to the city's coffers, approximately 76 per cent of North Vancouver's revenue.
Interest and penalties provide the city's next largest income stream, adding up to six per cent of revenue. New growth is expected to provide $1.1 million in taxes in 2013.
The police, fire and bylaw departments account for 36 per cent of the city's expenditures, or approximately $21.7 million. Rising salaries in the police department are expected cost the city an extra $207,000 in 2013.
The next largest portion of city spending is $12.9 million, or approximately 21 per cent, for leisure department, which includes libraries, museums, the city's planning section and recreation commission.
An extra $177,000 is earmarked mainly for salary hikes within the leisure department.
City staff have suggested putting aside $71,000 for new streets and parks, and $99,000 for security and maintenance, as well as associated costs with the new civic centre.
The city has until May 15 to finalize a financial plan.
