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Kitimat discloses finances after union challenge

The war of words between the District of Kitimat and its striking workers is escalating.

The district has released financial information after Unifor Local 2300 members claimed that the community has $54 million in reserves yet isn’t willing to meet worker’s wage demands.

Figures from Kitimat’s 2013 financial statements show that it has $54.3 million in assets.
But officials say over $38.1 million of that is equity in assets like roads, buildings, and equipment. The district has $6.91 million in reserve funds designated for building maintenance, roads and bridges, and land purchases. The remaining $9.24 million operating surplus includes reserves for emergency expenditures, snow removal, and large equipment.

The disclosure came after an exchange between Unifor Local 2300 Business Agent Martin McIlwrath and Kitimat Mayor Phil Germuth at Monday’s council meeting.

Workers went on strike Saturday, forcing the closure of the district’s arenas, pool, and recreation centre.

About Bill Fee

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