Council Votes For Hospital Tax Levy
Tuesday April 26th, 2016
Posted at 12:39am
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The original plan by administration called for a tax increase of 2.19%, but at the request of Mayor Drew Dilkens they took a second look at it and a new plan was brought to council Monday evening.
The plan calls for a 1% tax levy to be in place from 2016 to 2029. It also calls for the utilization of the Samsung lease revenues from 2020 to 2029, and the earmarking of $6.9 million of the $10 million total capital budget that is normally left unallocated. from 2027 to 2027 and $6.2 million in 2028.
Total combined the new plan will see the $108.5 million raised.
The new levy passed with a vote of 9-1 with Councillor Chris Holt voting no.
Last week, County Council approved a 0.5% levy to pay for its share of the hospital.