LaSalle Council Approves 2017 Budget
Friday December 16th, 2016
Posted at 12:34pm
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LaSalle Council has approved the 2017 Municipal Budget with a 0% tax increases.
Town of LaSalle administration originally recommended that Council approve a 0.46% Municipal Tax Rate increase in the 2017 budget. Council members discussed the budget at sessions held on December 7th and 8th, and deferred the budget back to administration to reduce the tax rate increase to 0%.
At the December 13th, 2016 LaSalle Council meeting, Council approved the report presented by administration with various cuts to the 2017 Operating Budget.
The 2017 general levy is $28,870,600, an increase from $27.1 million in 2016. This is in part from $750,000 of assessment increase from new construction or growth related assessment increase, and the average increase in assessment on existing properties based on the recent Municipal Property Assessment Corporation (MPAC) reassessment.
With the MPAC reassessment, LaSalle residents, on average, will see an increase in the amount of municipal tax paid of 3.83%.
“Of the 3.83%,” said Ken Antaya, Mayor, “about 2% will be directed into reserves for future infrastructure replacement. We are planning now for the future of LaSalle.” Infrastructure includes roads, sewers and/or bridges that will need to be replaced in coming years.
Based on 3.83% increase of municipal tax paid, homeowners in LaSalle would see an estimated increase of $36.08 for every $100,000 of residential assessment. This amount will vary depending on the property’s most recent assessed value.
LaSalle Council also approved the 2017 capital budget. The $17.3M capital budget includes funds for the construction of a splash pad and accessible playground, fire department substation (location to be determined) and increase in capital funding for the replacement of existing infrastructure.
“Council is excited to be able to provide families in LaSalle with a splash pad in 2017. This is something that the residents of LaSalle have been asking about for some time,” said Mayor Antaya.