3.74% Tax Levy Increase
Special council meeting to review
A number of budget reports are coming to a special council meeting Monday night.
Several meetings were held recently to go over the city’s fiscal plans for 2025, with the council reviewed levy now at $114 million.
That’s up $4.1 million or 3.74% compared to last year.
According to the levy summary, city departments basically balance out with virtually all of the increase attributed to service partners.
Staff say once growth is factored in, the levy increase drops to 3% or $3.3 million.
Prior to this month’s meetings, the initial recommendation was a 5.5 per cent increase in the tax levy, or $6 million.
The total operating budget is $167 million.
The water & sewer operating budget is just over $29 million while capital budgets come in over $98 million.