Town Council Approves Poverty Reduction Strategy and Reserve Funds
Quick view
What was decided (or proposed)
- passed — Poverty Reduction Strategy: Council approved the 2025 Poverty Reduction Strategy to address housing challenges and homelessness. [4][11]
- passed — 2024 Transfer of Reserve Funds: Council authorized the expenditure of $1,114,259.17 in reserve funds for various projects. [5]
- passed — 2025 Poverty Reduction Strategy: Council received and adopted the 2025 Poverty Reduction Strategy. [4][11]
- passed — 2025 Town of Princeton 10-Year Recreation Master Plan: Council received and adopted the 2025 Town of Princeton 10-Year Recreation Master Plan.
What comes next
- The Town of Princeton Council will continue to work on implementing the Poverty Reduction Strategy and allocating reserve funds for various projects.
Who spoke
- Danielle Hubbard, CEO, Okanagan Regional Library — Presentation on library services and summer reading club.
- Maren Luciani, Meraki Community Planning — Presentation on the Poverty Reduction Strategy.
Stakes & interests
The strategy aims to address housing challenges and homelessness in the community, which may impact residents who are struggling to find affordable housing.
Item notes
Every business item from the published agenda is listed here. Full agenda.
Okanagan Regional Library [7]
Council received and adopted the 2025 Town of Princeton 10-Year Recreation Master Plan. [6]
“THAT Council receive and adopt the 2025 Town of Princeton 10-Year Recreation Master Plan as presented by Lee & Associates at the Committee of the Whole meeting held on March 11th, 2025. [6]”
Council received and adopted the 2025 Poverty Reduction Strategy. [11]
“THAT Council receive and adopt the 2025 Poverty Reduction Strategy as presented by Maren Luciani of Meraki Community Planning. [11]”
Council authorized the expenditure of $1,114,259.17 in reserve funds for various projects. [5]
“THAT Council authorizes the expenditure of $ 1,114,259.17 in reserve funds as follows: Consolidated Cash Surplus $ 953,284.79 Future Amenity Reserve $ 13,509.07 Industrial Park Reserve $ 797.69 Growing Communities Fund $ 146,667.62 for the provision of capital assets and allocation of earned interest per Section 189 (1) of the Community Charter AND THAT Council reserve $1,142,038.20 in the following reserve funds for the 2024 fiscal year: Sewer Reserve $ 152,171.07 Water Reserve $ 81,414.91 Indigenous Engagement Fund $ 41,367.19 Land Sales Reserve $ 3,833.36 Parkland Reserve $ 3,676.84 Fire Equipment Capital - RDOS $ 1,703.84 Fire Department Equipment Reserve $ 257,400.64 PXA Ground Reserve $ 1,006.20 Landfill Closure Reserve $ 11,351.30 Paving Reserve $ 142,216.76 Capital Works Reserve $ 19,107.10 Infrastructure Reserve $ 30,849.68 Water & Sewer Project Reserve $ 198,003.23 Climate Action Reserve Fund $ 197,936.08 [5]”
2024 Resolution Referred to UBCM Executive [12]
2024 CEPF Volunteer and Composite Fire Department Equipment and Training ($38,500.00) [8]
Interior Health Letter of Support Re: BC Transit — items 8.1 to 8.3 be received and filed. [10]
“THAT items 8.1 to 8.3 be received and filed. [10]”
Stan Thompson Memorial Rodeo [9]
Open questions
- What are the next steps for implementing the Poverty Reduction Strategy?
Sources
- CivicWeb meeting
- Agenda document
- YouTube recording
- 161.CouncilPresentation.12.03.25
- 2024 Reserve Transfer Report
- 2025 03 13_24-001-PrincetonRecMP_FINAL
- 2025-ORL-Council Presentation-Danielle Hubbard
- LGPS-11335-Princeton-2024-Fire-Dept-Approval In Part_Redacted
- Letter from Stan Thompson Memorial Rodeo_Redacted
- Letter of Recommendation - Princeton Transit
- Poverty Reduction Strategy
- UBCM 2024 Resolution Referred to UBCM Executive_Redacted
- Committee of the Whole - 11 Mar 2025 - Minutes - Pdf
- Regular Agenda - 05 Mar 2025 - Minutes - Pdf
Spot an error?
If something in this brief doesn’t match the agenda, minutes, a linked report, or the meeting recording, send a fact-check note. Submissions go to the editor — they are not published automatically.