Tuesday, March 12, 2013

City Set to Approve 2013 Budget



A decrease in the municipal tax rate is being used to combat the increased MPAC assessments in the city.

Councillor Ron Lunny says the city has worked hard in order to lower the municipal tax rate by 1 percent.

When the rate is combined with the education tax decrease it works out to a reduction of 1.41 percent.

However, Lunny says that because of the increase in MPAC assessments homeowners will see an increase in their taxes.

Lunny says the city has also included a 10 percent rate increase for sewer and water.