Supplemental Items Approved and Tax Requirement Set at 2.96%
On Tuesday, March 12, Council met as Committee of the Whole to review and decide on the supplemental items to be included in the 2019-2023 Five-year Financial Plan and to determine the tax requirement for the 2019 budget.
The Committee approved 12 of the 13 proposed supplemental items and the resulting overall tax rate increase for 2019 will be 2.96% (the provisional tax rate increase, before the consideration of supplemental items, was 2.26%).
For the average-assessed property, the increase translates into an approximate $62 increase on the homeowner's tax bill. In this article by Kamloops This Week, Mayor Ken Christian says 2.96% is a number Council should be proud of achieving.
The 2019 Budget Consultation has concluded.