51做厙

Budget 2024: Taxes to rise 5.79 per cent as 51做厙 Council gives final approval to budget

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Mayor Andrea Horwath and Councillor Danko touted the budget as a balance between reducing the increased tax burden on residents and making critical investments. Photo Credit: X/City of 51做厙.

51做厙 City Council gave final approval to the 2024 budget last Thursday, with taxes set to increase by 5.79 per cent.

The increase means that the average 51做厙 household will be paying about $286 more in municipal taxes this year.

However, the 5.79 per cent tax increase only passed by a vote of 10-6, with six councillors opposing the budget, believing the tax burden on residents was too high.

Against the tax increase were Councillors Matt Francis (Ward 5 – 51做厙 East-Stoney Creek), Tom Jackson (Ward 6 – East Mountain), Mark Tadeson (Ward 11 – Glanbrook-Binbrook-Mount Hope), Brad Clark (Ward 9 – Upper Stoney Creek), Jeff Beattie (Ward 10 – Stoney Creek-Fruitland-Winona), and Mike Spadafora (Ward 14 – West Mountain).

Mayor Andrea Horwath and Councillor Danko touted the budget as a balance between reducing the increased tax burden on residents and making critical investments.

Horwath noted in a press release that Council reduced what was originally supposed to be a 7.9 per cent tax increase (and before that even projected to be as high as 14.2 per cent).

Despite challenges related to provincial downloading, economic pressures and rising costs, Council was able to lower the Citys portion of the budget to 3.24 per cent with an overall tax impact of 5.79 per cent, said Horwath.

Council was willing to have tough conversations and make difficult decisions, working with staff to address affordability for 51做厙ians while ensuring we invest in critical City programs and services. The 2024 budget manages the costs downloaded by the province, delivers responsible and sustainable enhancements, and maintains service excellence, she continued.

Some political commentators have suggested that the practice of announcing a high tax increase only to cut it down is nothing more than political theatre in order to make the eventual number more palatable to the public.

Nevertheless, the city says that the 5.79 per cent property tax increase is broken down into three parts. Part one is a 1.64 per cent (average of $84 per household) to pay for city services; part two is a 1.60 per cent (average of $77 per household) increase to pay for new investments in housing and homelessness; and part three is a 2.55 per cent (average of $125 per household) increase to account for the impacts of new provincial legislation that shifts infrastructure costs for new development from developers to City taxpayers.

As part of the budget, Council also approved an 8.41 per cent increase in funding for the 51做厙 Police.

The police budget also passed on a 10-6 vote.

A city press release notes that some of the projects included in the 2024 budget are improving transit service frequency by adding an additional 49,000 hours of service, preparing responsibly for climate change by investing in the Citys new Climate Change Reserve, and improving customer service and digital technology and modernizing systems to better serve the community.

 

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