Rossland city council adopted their 2020-24 financial plan during a meeting on May 4.
Included in the plan is a 2.5 per cent tax increase for households in 2020.
Mayor Kathy Moore said households will pay between $50 to $70 more in property taxes this year depending on the value of their home.
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Moore said the tax increase will help to keep the city running sustainably.
“With no tax increase, the city would’ve forgone about $125,000 of revenue that we earmarked for keeping our services going and projects that we want to go forward with,” said Moore.
“When we come out of the COVID-19 pandemic, we want our community to be operated safely, smartly and strong. To do that, you can’t be cutting into your municipal services.”
In terms of revenue for the 2020 budget, almost 44 per cent is coming from property taxes, 28 per cent from grants and almost 12 per cent from utility fees.
A $1.9-million infrastructure grant to help cover the city’s water treatment upgrades takes up a substantial amount of the grant revenue in 2020.
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