By the first week in February,Cheap Jerseys USA, the Mayor and City Council’s Finance Committee is expected to presentJunior Garrettits budget to the citizenry of Georgetown. Currently,NFL Jerseys Cheap, the draft budget has a deficit of $500M and the Committee’s Chairperson, Junior Garrett,Cheap Hockey Jerseys, is “working to create a balance”.According to Garrett, the balance may be derived by either reducing certain expenditure or increasing the Council’s revenue base. However,China Jerseys, since the Council is limited to tax collection,Wholesale Jerseys, the draft budget proposes increases in commercial taxes from 250 percent to 320 percent and residential taxes from 40 percent to 51 percent.He stressed that there were no increases in rates and taxes since 1997, because Government rejected past proposals. He is hoping that this time Government will recognize Council’s financial needs and permit the increases.Garrett stated that after the budget is properly drafted and relevant changes are made, the final document will be submitted to Councillors for approval and then presented to the Minister of Local Government and Regional Development, Ganga Persaud,Cheap Wholesale Jerseys, for ratification.The preparation of the final budget is supposed to conclude by January 31, but certain figures are yet to be submitted. Garrett mentioned that the draft budget presented earlier this month is below his standards and additional clarifications for the figures are needed.