Abbotsford News

Budget receives final approval, taxes up 2.06 per cent

Council has granted fourth and final approval of its 2013 budget.

This year's municipal tax rate will rise by 2.06 per cent.

Last week, council debated the budget one final time before granting the first three readings to the financial plan bylaw.

The 2013 tax increase breaks down to 0.16 per cent for city operations, 0.42 per cent for policing, 0.78 per cent to make up for lost revenue due to the provincial increase in farm exemptions, and 0.7 for capital.

Water rates will not increase this year, while sewer rates will rise by five per cent in 2013. Solid waste fees will not increase in the coming year while a storm drainage increase of two per cent has been approved.

The average homeowner (based on a home valued at $400,000) will see their taxes go up by $39, sewer rates by $11 and drainage rates by $3 for a total impact of $53 this year.

In total, the average homeowner will pay $4,025 in taxes and fees in 2013.

For more keep checking abbynews.com

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Westcoast Christmas Show and Marketplace draws crowds to Tradex
 
Thousands turn out for 2nd Annual Tree Lighting Show
 
Christmas Artisan Market boasts many unique items
Local Muslim group fights back against ISIS
 
Arrests of pipeline protesters in Burnaby signal start of long battle
 
Jim Cuddy riding rails with CP Holiday Train
Man sentenced for three bank robberies
 
Stolen $3,000 ring was graduation gift
 
Hand over the driving reins to Operation Red Nose

Community Events, November 2014

Add an Event


Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Nov 21 edition online now. Browse the archives.