Police Operating Reserve Requirement Forecast Update

"The Director of Finance forecasted that View Royal is unlikely to hit the 15,000 population threshold before the 2026 Census takes effect in 2031/32, though Council members expressed pessimism regarding this timeline due to recent development approvals. The report determined the current reserve of $2.1M is sufficient to fund the difference in cost (estimated at $850k-$1M annually) via a five-year 1% property tax phase-in plan."