Greater Vernon Water looks at freezing water rates
The 2021 Greater Vernon Water budget, calling for a 2.7 per cent overall increase, has been adopted by the Greater Vernon Advisory Committee (GVAC), but that could change if a hold is put on water rate hikes.
The total operating and capital budget is just shy of $40 million dollars.
There are 17 major capital projects on the books valued at over $22 million for this year including $5.6 million for the Headgates Dam reconstruction, $3.4 million for the under construction North Swan Lake Reservoir and $2.8 million for new water lines along Highway 6 from School Road to Learmouth Road.
Capital and operating reserves are at just over $35 million, but staff warned against dipping into those funds.











