Zero Percent Tax-Increase Budget Passed for City of Windsor
Monday March 5th, 2012
Posted at 8:13pm
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Monday evening, Windsor City Council approved a zero percent tax levy increase for 2012. This will be the fourth year that residents in the City of Windsor will have a freeze on taxes.
“One of our top priorities as a council is to make Windsor the most affordable place to live in Canada”, said Windsor Mayor Eddie Francis. “By holding the line on residential and multi residential properties for the fourth year in a row and actually decreasing taxes up to 6 percent for the commercial and industrial classes, we’re making affordability a reality”.
In 2004 the property tax paid on a typical home in Windsor was 2.4 percent higher than the provincial average. In 2012 the tax will be 10.4 percent lower than the provincial average.
The City’s long tern debt was at its peek in 2002 at 230 million dollars, and this year it will be reduced from the current 164.2 million to 135.2 million by year’s end. B 2015 the debt will be down to 113.3 million.
The total gross budget for this year is 730.1 million dollars with a property tax levy of 393.6 million dollars.