LaSalle To See A 1.95% Municipal Tax Rate Increase
Thursday December 17th, 2020, 7:37pm
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LaSalle Council has approved a 1.95% Municipal Tax Rate increase in principle. The 2021 Budget By-law will be presented at a Regular Meeting of Council in January.
“This year, the budgeting process was not easy,” said Mayor Marc Bondy. “Administration knew that this was going to be a tough budget and all departments kept service level increases to a minimum or status quo. Administration presented us with a very responsible budget.”
The budget requires a $1.7M levy increase over the 2020 Municipal Budget, bringing the general levy to $38.4M. The increases include approximately $342,800 for Police Services, $783,000 for inflationary pressures, $300,000 for long term capital contribution and $287,200 for growth and service level increases.
“In order to keep the tax rate increase low, we scaled back on the annual contribution to the capital reserves, and also reduced the amount of funding being put aside for the Small Coast Waterfront Project,” said Dale Langlois, Director of Finance/Treasurer. “We have not made any major additions to the 2021 budget.”
The 1.95% municipal tax rate increase means an average home valued at $256,000 (using MPAC’s 2016 property assessment) in LaSalle would see an increase of approximately $48.13 on their municipal property taxes. After taking into account the municipal, County of Essex and education tax rates, it is estimated that the overall tax rate increase will amount to 1.32%. At this time, the education rate is estimated to remain unchanged from last year, however this rate is not released until the spring each year so the actual number is not yet known.