Councillors are looking for ways to reduce the increase.
Homeowners in the District of Saanich are facing a property tax increase of as much as 6.8 per cent this year, according to the municipality’s draft financial plan.
Those measures include being able to access $300,000 usually set aside to fund vacant positions on the municipal payroll that would normally be rolled into a surplus at the end of the year, a change in the way the district finances its information technology upgrade program, deferring for a year an addition of $150,000 for park acquisition and changing the way the district will fund the active transportation plan.
If all of those additional funding requests are approved and the four recommended cost-reduction scenarios are adopted, the overall tax increase would be reduced to 6.44 per cent, or $9.7 million, which would translate into a $205 increase to property taxes for the average homeowner this year. The district’s capital budget for 2023 is expected to be $95 million, an increase of $2.6 million from last year.
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