Inflation-driven wage increases expected to hammer 2024 City of Kamloops budget
KAMLOOPS — Early projections for the 2024 City of Kamloops budget will be presented to council’s Committee of the Whole this week, with an estimated property tax increase of nearly 11 per cent.
The figure is only provisional at this point, and it’s expected changes will be made before the 2024 budget is finalized. A large part of the potential increase comes from future wage adjustments for the city’s firefighters, RCMP and CUPE members.
Inflation has impacted nearly every sector in Canada lately, including how much it costs to staff, maintain and run the City of Kamloops.