News

Tax increase in Cumberland less than expected

Cumberland council heard March 31 that this year's proposed property tax increase is lower than what came out of March's budget discussions.

Committee of the whole had opted during budget discussions to increase the property tax rate slightly from Village staff's suggested increase after making a number of changes to the draft financial plan.

But, financial officer Michelle Mason noted during Monday's Village hall meeting a mural project for youth crime prevention will not go forward, as the Village's application for a $10,000 grant was not approved.

The Village would have chipped in $11,000 from its own coffers into the project, so it now needs to generate $11,000 less in property taxes. Thus, the proposed increase went back down to what was originally put forward by staff.

According to Mason's report, the proposed municipal property tax increase to the average family household is 0.6 per cent, but that doesn't include amounts collected for other taxing authorities. Some of these rates are as yet unknown by the Village, but the net 2014 increase to the average family household is estimated at 1.8 per cent, pending any rate changes from other taxing authorities.

Financial plan and property tax rate bylaws are expected to come before council for first reading April 14.

To view the details of the draft budget, visit www.cumberland.ca.

writer@comoxvalleyrecord.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 ...

Vanier teacher offers donation option for Giving Tuesday
 
Vanier Towhees into second playoff round at B.C. volleyball championships
 
Truck Light Parade, Starlight Shopping shine tonight
Surgical waits average five months in B.C.
 
Historic police charge books returned to VicPD after digital preservation
 
Big wheels
PAPA eyes fuel dock
 
Beer, Burgers & Blades
 
Former Oceanside RCMP officer earns award of valour

Community Events, November 2014

Add an Event


Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Nov 27 edition online now. Browse the archives.