Taxes go up, but Pineview levy removal brings increase down
Prince Albert city council approved the 2015 general fund budget on Monday, and that will mean a 2.3 per cent tax increase for residents and businesses.
The next step in the process will be to determine how the City will apply the tax increase to raise the needed $624,620 to cover the additions to the 2015 budget. The City is expected to increase municipal mill rates, and the mill rate amounts taxpayers pay are based on the assessed value of the property they own.
Financial services director Joe Day said administration is working on preparing the bylaws that council will need to pass in order to convert the budget approvals into what will be the tax changes.
“We are looking at a couple other things in the tax policy bylaw, but they’re mostly just minor. A little bit of shifting around of some of the existing revenues that are coming in just to try and find the right balance but that’ll still be something we’ll be recommending to council and see how their reception of that is.”