Port Alberni homeowners will be paying approximately two per cent more in residential tax this year.
City councillors passed three readings to the 2014-2018 five-year financial plan bylaw at their March 24 meeting. After the dust settles, residential taxpayers will see a two per cent increase to their municipal taxes this year—$37 on an average priced home of $187,000.
The budget has previously been referred to as an election year budget, and several projects were moved to 2015.
Homeowners are projected to see a 15 per cent, or $2.5 million increase in taxes in 2015 resulting from off-loading projects to next year. Among the deferred projects are $4 million for a waterfront road; $250,000 upgrade to the Harbour Quay clock tower; $150,000 for a telephone upgrade; and $500,000 for the development of Canal Beach.
“Don’t have a heart attack when you see the other figures,” Coun. Cindy Solda said. “We revisit this every year.”
Council can give fourth and final reading of the bylaw at their April 14 meeting.
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