Leamington Approves 2014 Budget With A Tax Decrease
Tuesday April 22nd, 2014
Posted at 8:03pm
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Leamington Council has adopted its operating and capital budget for 2014, and it includes a reduction in taxes.
Approved on Tuesday, the full tax rate impact on a home assessed at a value of $150,000 would represent a 0.34% decrease or $8.00 decrease on the general rate and 0.04% decrease or $1.00 decrease on the urban rate. The urban rate includes costs associated with sanitary sewers.
“It was a challenge for Council to retain the same level of service our ratepayers have come to expect while measuring the closure that the H.J. Heinz Company will have on our community.” Town Mayor John Paterson noted.
The Director of Finance and Business Services Cheryl Horrobin commented “In previous years Council has been supportive in developing contingency funds and clearly understands this year’s budget is the new norm.”
In each of the past four years, Leamington Council has kept the general tax rate increases to less than 1%.
“This year’s tax reduction builds on the commitment established by this Council to contain tax rate increases” said Mayor Paterson