Council approves 2017 budget; municipal tax levy to increase by 2.31 per cent


A combination of financial pruning and an uptick in residential assessment will hold the 2017 municipal tax levy increase in St. Thomas to 2.31%.
City council Monday approved both the operating and capital budgets for this year following a series of three working sessions held last month at city hall.
At the time of those meetings, the draft budget required a municipal tax levy increase of 3.44 per cent. However an additional $550,000 in levy will be raised this year on residential assessment growth over 2016, resulting in a tax levy of $50.4 million, an increase of 2.31 per cent. Continue reading