Tuesday, April 12, 2011

Council Approves 1.61 percent budget increase

After months of review, Kenora City Council has finally put the 2011 municipal budget to bed.

Council yesterday agreed on a 1.61 percent increase in the mill rate.

Ron Lunny is chair of the finance committee and says they were able to trim the budget down a bit, but increasing the industrial tax rate for the first time in more than 10 years.

Lunny points out that some property owners could face a much higher tax increase than the 1.61 percent, because municipal property assessments went up an average of 2.4 percent.

Council is expected to formally approve the budget next Monday.