The good news is that Port Coquitlam homeowners are expected to pay less in property taxes this year than the city had initially planned.
The bad news is that the same taxpayers may have forked over more than was necessary in 2012.
A review of council’s approved funding decisions conducted by the city’s finance staff found that a planned infrastructure reserve transfer was duplicated in this year’s financial plan.
(The infrastructure reserve, established in 2010, has collected 1% annually to address the gap in funding needed to replace aging roads and facilities.)...