The municipality is suggesting a tax increase of two per cent in 2018.
At Committee of the Whole this week it was revealed that there would be a slight tax increase as part of the 2018 municipal budget. According to the municipality the increase is similar to previous years and fits into the Council’s directive that the increases not exceed two per cent. The move is also in keeping with requirements from the 2015 Long-Term Financial Plan, designed to achieve financial stability over 10 years.
According to documents released by the municipality residential home owners will pay just shy of $585 per $100,000 of their assessed property value, an increase of $11.47 over the 2017 rate. Assessment-related increases will vary on a property-by-property basis. The total tax levy will be almost 13,600,000, which accounts for 67 per cent of the 2018 total general budget, which includes all the municipalities expenses except the Water and Sewer or Building Department budgets.