Highlands East holds tax
increase to same as 2017
|By Mark Arike - Staff Writer | January 25, 2018
Property taxes are expected to go up as much as they did last year in Highlands East.
The 2018 draft budget includes a 2.4 per cent tax increase in 2018. The tax levy sits at about $5.5 million. On Jan. 17, at a special meeting, councillors received budget reports from department heads and the draft budget. They approved the budget in principle and will consider passing a bylaw to adopt it at a March 7 meeting, according to CAO/ treasurer Shannon Hunter.
“Council did not have a lot of questions and felt that what was presented answered most of their questions,” said Hunter in an email.
Mayor Dave Burton is pleased with the work staff has done on the budget. “To come in at 2.44 [per cent] with all the projects we’ve got going on, I’m just extremely pleased with it,” said Burton.
Assessment growth has had a positive impact on this year’s increase, said Hunter. The increase equals an extra $11 for every $100,000 of assessed residential property value. Each tax bill will also include the county and education rates (yet to be finalized).
MARK ARIKE is a reporter for The Highlander.