Saanich approves 5.2% tax increase

Average homeowner will pay additional $134.51 in property tax

Saanich’s 2019 budget and tax rate is all but done and dusted.

Council Monday read and passed a series of bylaws including the 2019 financial plan and the municipal tax rate. Final adoption is scheduled for May 13.

“I think this is a financial bylaw that resonates on the things that we all saw in the community, not just in the election, but also in the community feedback from our survey,” said Mayor Fred Haynes.

RELATED: Additional revenue lowers Saanich’s proposed tax increase

RELATED: Saanich budget brings 5.37 per cent tax increase

The municipal tax rate determines the amount of revenue that Saanich raises through property taxes. This amount will go up by 5.2 per cent — reduced from 5.37 per cent after Saanich received more than $200,000 in additional revenue. It means the average Saanich homeowner (based on assessed home value) will pay an additional $134.51. Almost a third of this increase goes towards covering the Employers’ Health Tax.

Saanich’s financial bylaw includes a four per cent bump to water and sewer capital funding in support of infrastructure replacement, a four per cent increase in the Capital Regional District’s bulk water rate, and additional borrowing of $1.55 million in 2020 and 2021 for the regional wastewater treatment plant.

Council is also set to borrow $5.7 million for Saanich-specific capital projects involving storm drainage, transportation and parks.

Looking ahead, preliminary projections peg future property tax increases for operations at an average of 3.03 per cent starting in 2020 through 2023, with some wiggle room upwards for inflation.


Like us on Facebook and follow us on Twitter

wolfgang.depner@saanichnews.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Greater Victoria non-profit advocates for the use of psilocybin for terminal patients

North Saanich psychotherapist pushes for alternative treatment

Victoria woman to sell masks on wheels after garage stand shut down

Mama’s Masks stand accompanied Moss Street Market

Gathering marks 10 years since nearly 500 asylum-seekers landed off Victoria shore

The 492 people fleeing violence, war crimes and genocide in Sri Lanka were detained for months

Sooke Bluffs staircase closed due to rot

District to consider replacement for ‘high risk’ staircase in fall

578 British Columbians currently infected with COVID-19

Seventy-eight new cases confirmed in past 24 hours

Captive fawn seized from Island home

Valley resident charged and fined under the Wildlife Act

Pandemic could be driving more parents to get on board with flu shot: study

University of B.C. study gauges willingness for parents to vaccinate children for influenza

Watchdog clears Okanagan RCMP in death of man after arrest over alleged stolen pizzas

The man died in hospital after having difficulty breathing and broken ribs

Have you seen Berleen? B.C. pig destined for sanctuary goes missing

Berleen was less than two weeks from travelling to Manitoba when she vanished

Health Canada says several kids hospitalized after eating edible pot products

People warned not to store cannabis products where children can find them

‘It’s not just about me’: McKenna cites need to protect politicians from threats

Police investigation was launched after someone yelled obscenities at a member of McKenna’s staff

Michigan plans dedicated road lanes for autonomous vehicles

First study of its kind in the U.S. to figure out whether existing lanes or shoulders could be used

Greater Victoria Crime Stoppers wanted list for the week of Aug. 11

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Most Read