Gary Schatz

The budget presentation for the town of Princeton for the 2022 fiscal year includes a review of the 2022-2026 five-year financial plan, currently in public consultation. The presentation covers the public consultation process, a review of 2021 with a financial plan amendment due to flooding, the bylaw including capital projects, municipal expenses, budget design, and revenue sources. It addresses the catastrophic flooding event on November 14th, detailing damages to municipal property, vehicles, and infrastructure. Financing for the emergency is discussed, outlining response funding, insurance coverage, recovery funds through disaster financial assistance (DFA), and municipal funds. The budget is structured into capital and operational budgets, with a focus on the 2022 financial plan and conceptual plans for 2023-2026.

The strategy focuses on reducing poverty in Princeton by understanding the needs of vulnerable residents and providing a 10-year action plan. Key areas include housing affordability and diversity, access to health and social services, and physical and mental well-being. The plan aims to ensure safe, secure housing for everyone, offer diverse housing options, and meet the housing needs of vulnerable residents through collaborative efforts involving government, non-profits, and the community.