Council has proposed a 2.18% tax increase in 2018. The impact on the typical single family dwelling, assessed at $530,600, will be $35.06 for the year. Council had contemplated a 2.58% increase; however that amount was able to be reduced due to higher than expected growth in the community over the past year.
As in past years, the tax increase is required to continue to maintain healthy reserve levels, ensure adequate funding is available to upgrade or replace ageing infrastructure and equipment, keep up with rising market costs for goods and services, and improve service levels for a rapidly growing and urbanising municipality.
To learn more about the proposals in the financial plan, which will be adopted in the spring, you are welcome to review the panels that were presented during our Talk Budget With Council open house on January 31 at the Westbank Library: