By approving its Part 2 capital budget and the 2015 operating budget Monday, city council authorized a property tax levy of $47,040,822 for this year.
That translates to a 3.55% property tax hike in 2015, up slightly from the 3.48% proposed, yet less than the 3.8% tax levy in 2014.
The slight increase from the proposed budget presented last week to council during a public meeting at the St. Thomas Seniors’ Centre is accounted for in additional grant money doled out by council.
In total, $281,146 was distributed to community groups and social agencies in St. Thomas, much of that sum drawn from working reserves.
That figure does not include $250,000 to St. Thomas Elgin General Hospital for its expansion program as part of the city’s 10-year pledge. Continue reading