Summary of public input into 2016-2018 budgets
City Council approved the recommendations in the "Fall 2017 Supplemental Operating Budget Adjustment" Report on December 7, 2017. The tax rate increase for 2018 is 3.2%.
The 3.2% tax rate increase includes a 1.2% tax rate increase for all civic operations, a 1.4% increase to Neighbourhood Renewal and 0.6% to operate and maintain the Valley Line LRT.
The 2018 Approved Operating Budget will provide all City programs and services for just $6.75 per day in municipal property taxes for the typical household. The approved budget will mean an increase of $77 in 2018 for the typical household, which is a single-family dwelling with an assessed value of $397,000.