â–º Listen Live
â–º Listen Live
HomeNewsCouncil to consider two percent tax levy

Council to consider two percent tax levy

Prince George City Council will begin budget deliberations tomorrow (Monday) afternoon.

According to a report to Council, a two percent tax increase is currently being proposed.

The largest portion comes from a proposed $1.5 million increase to the city’s snow-clearing budget.

That would increase the budget up to $10 million, accounting for 1.33% of the levy.

- Advertisement -

Other increases include an additional $486,442 for the general levy, $150,000 for road rehabilitation, and $125,000 for the General Infrastructure Reinvestment Fund.

Overall, the proposed increase would amount to $2.26 million more than last year’s total of $113.1 million.

Prince George was previously the recipient of $6.11 million in funding from the province’s safe restart grant, which could be used to eliminate some or all of the proposed increase.

Finance and Audit recommended using $1.33 million to offset the proposed increase of two percent in December.

However, the updated report brings that number down to $796k, leaving $5.31 million for other purposes.

Once the budget is approved next week, the administration will create the tax rate bylaw, which must be approved before May 15.

Full agenda here:

Something going on in the Prince George area you think people should know about?
Send us a news tip by emailing [email protected].

- Advertisment -
- Advertisment -
- Advertisement -

Continue Reading