Staff recommends 1.83 per cent overall tax increase
“The draft budget is consistent with Council’s commitment to keep property taxes in line with inflation,” Mayor Rob Burton said. “It provides the funds necessary to enhance the town’s infrastructure and deliver the high-quality services our residents expect, while keeping our financial future strong, stable and healthy.”
On November 15, 2016, town staff presented Oakville’s proposed 2017 operating and capital budgets to the Budget Committee, achieving Council’s direction to keep the total property tax increase in line with inflation. Town staff recommended a 2.8 per cent increase to the town’s portion of the tax bill for an overall property tax increase of 1.83 per cent when combined with the estimated regional and educational tax levy. The proposed increase would see residential property taxes increase by $15.14 per $100,000 of assessment meaning that the owner of a home assessed at $700,000 would pay an additional $105.98 per year or $2.04 per week.
In the town’s Draft 2017 Operating Budget, staff is recommending a $308.5 million operating budget to provide a wide range of programs and services including maintenance of roads and community facilities, fire services, transit, parks and trails, recreation and culture, senior services, libraries, and a host of other important services. Continue reading Oakville releases 2017 Budget documents