News

Budget receives final approval, taxes up 2.06 per cent

Council has granted fourth and final approval of its 2013 budget.

This year's municipal tax rate will rise by 2.06 per cent.

Last week, council debated the budget one final time before granting the first three readings to the financial plan bylaw.

The 2013 tax increase breaks down to 0.16 per cent for city operations, 0.42 per cent for policing, 0.78 per cent to make up for lost revenue due to the provincial increase in farm exemptions, and 0.7 for capital.

Water rates will not increase this year, while sewer rates will rise by five per cent in 2013. Solid waste fees will not increase in the coming year while a storm drainage increase of two per cent has been approved.

The average homeowner (based on a home valued at $400,000) will see their taxes go up by $39, sewer rates by $11 and drainage rates by $3 for a total impact of $53 this year.

In total, the average homeowner will pay $4,025 in taxes and fees in 2013.

For more keep checking abbynews.com

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Westbank Country Opry honour one of their own
 
Const. Neil Bruce student thinks of others this Christmas
 
Charges laid in fatal hit-and-run
Family of hit-and-run victim makes emotional public appeal w/video
 
No firm answers for Jordan River residents
 
Hunters protest shift favouring non-residents
Family frustrated with lack of progress in murder investigation
 
Lava slows but still on track to hit Hawaii market
 
Site C dam construction to start next summer