Tax levy increased by six percent

After the dust settled, city council signed off on a six percent property tax increase, which includes a 2.3 percent capital levy.

However, as with past years, the city’s finance committee was quick to remind everyone that after the provincial education tax rate kicks in, the effective tax increase is 5.1 percent.

For the average homeowner with a property worth $120,000 this means about $121 per year or $182 for an $180,000 house.

Council also approved a water and wastewater increase of 5.7 percent, draining an extra $58 out of the pocket of the average homeowner using 360 cubic metres of water annually.

More information in Wednesday’s edition of Northern Life.