The increase will result in a roughly $175 per year tax increase for an average Prince George single-family house.
Prince George city council approved the city’s 2023 budget on Wednesday night, including a 7.58 per cent property tax increase – a roughly $175 per year increase for an average Prince George home.
“I am fully aware this is a deferral,” Polillo said. “ if this enhancement is approved and the other enhancements are approved, we’ll be looking at a tax increase of over eight per cent.” Deferring taxes this year isn’t a real reduction in taxes – all it does is pass that increase on the next year, Sampson said.
City director of finance Kris Dalio said the city had set aside money to cover that one-time cost, but using the provincial and federal grant to cover a portion of that cost would free up that money to be used for other purposes.SNOW REMOVAL BUDGET REDUCED Council reduced the proposed $10.4 million snow removal levy by $600,000 to $9.8 million. The city’s snow removal budget was $10 million in 2022.
Because city council deferred a property tax increase in 2020 and a reduced a property tax increase in 2022 using the COVID-19 Safe Restart Fund, city council came into this year’s budget “behind the eight-ball,” Bennett said.Councillors Ramsay and Klassen, and Mayor Simon Yu, opposed reducing the city’s snow removal budget.
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