City council gets its first opportunity to review the proposed 2025 operating and capital budgets at Monday’s (Dec. 9) meeting.
Unless there are some major concessions or creative pencil sharpening, we will not be blessed next year with a budget sporting an increase of less than three per cent over this year.
Next year’s proposed levy is almost $74.5 million, up from shy of $69 million this year, an 8.13 per cent increase.
Factor in the estimated additional growth-related tax of 3.2 per cent and ratepayers are looking at a 4.93 per cent hike to the municipal tax levy next year.
City treasurer Dan Sheridan advises, “The 2025 operating budget has been a challenge, the high rate of inflation along with the need for additional resources due to growth and development have resulted in a proposed levy increase that is higher than in previous years.”
Tag Archives: Lecram Inc.
Residential growth in St. Thomas to push west from Wellington Road
A week after city council received a growth analysis study predicting the population of St. Thomas will almost double by 2051, members Monday evening (June 17) got an insight into where many of those newcomers may live.
A sprawling residential development stretching from Wellington Road northwest to Major Line is being proposed by two developers.
Landrise Developments/Don West Construction and Lecram Inc. have acquired the majority of land in the Sandymount Development Area with a proposal to add almost 1,500 housing units, including single detached homes, townhouses and high-density apartments.
