7 a.m., Dec. 13)
council sets three per cent tax increase target
By Fred Sherwin
residents can expect to see a three per cent increase in
their property taxes next year, along with a 2.5 per cent
increase in OC Transpo fares and other user fees.
are the targets established by city staff under the direction
of Mayor Jim Watson as they set out to put together a
draft budget for 2019.
third of the revenue raised by the three per cent increase,
or $9.8 million, will be used to tackle the city`s $70
million infrastructure renewal funding gap. The rest of
the money will be used to cover growth-related expenditures..
three per cent tax increase equates to an extra $100 for
the average property assessed at $350,000. The OC Transpo
fare increase won`t come into effect until July 1. How
it will be applied across the transit service's fare and
pass structure`will be revealed when the draft budget
is tabled next month.
city had planned to eliminate the infrastructure renewal
funding gap over the next 10 years, but after hearing
residents' concerns about the deteriorating state of Ottawa's
roads and other infrastructure, the former council directed
staff to come up with ways to cut the timeline in half.
One of those ways was to add one per cent to the tax rate
in 2019 which will flow through to subsequent years, generating
an additional $9.8 million a year for the forseeable future.
the money is currently earmarked to repair the city's
aging infrastructure, it can eventually be used to pay
for other expenditures if so directed by council.
of the finance and economic development committee, which
includes the chairs of the various standing committees
will now work with staff to develop the draft budget over
the next six weeks. The document will then be tabled on
Feb. 6, followed by a public consultation process and
committee review. The final budget will be approved on
story was made possible thanks to the generous support
of our local business partners.)
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