Chatham-Kent staff are already thinking about next year's budget, introducing their Long-Term Strategic Financial plan to council.
The plan lays out administrations' priorities going forward, including being cost-efficient, properly managing debt and making prudent investments. CFO Mike Turner says they also want to adopt three draft policies that can be used in time for the budget.
"The investment policy, the debt policy, and the budget policy were ones we wanted to bring forward initially. The other ones are going to take a little bit more research to finish, so we want to make sure we take our time on them and do them the right way."
Staff are also hoping staff will consider setting up two more reserves to put money into: a community initiative reserve and a facility replacement reserve.
Council has a week to mull over those policies, as well as the overall plan, then vote on it next meeting. For a full look at the draft long-term financial plan, click here.
