Sidney council has approved its 2021 financial plan. It increases revenues from property taxes by 2.7 per cent (Black Press Media File)

Sidney council has approved its 2021 financial plan. It increases revenues from property taxes by 2.7 per cent (Black Press Media File)

Sidney cuts proposed tax increase to 2.7 per cent from starting point of 4.45 per cent

Council approves 2021 plan

Sidney residents face what the municipality calls a “modest” hike in revenue from property taxes set to rise 2.7 per cent.

Council approved the municipality’s 2021 financial plan March 2 after approving a second round of amendments following prior changes last month. Budget deliberations had started with a proposed increase 4.45 per cent, a figure that included several items council had not yet approved.

Average residential property owners will see municipal taxes rise by $41 to $1,559 for the year. Individual increases may vary depending on assessment changes relative to the average home assessed at $700,000 and other jurisdictions have not yet finalized their tax charges – accounting for about half of the total tax bill.

Sidney used a combination of measures to cut the tax impact, including the use of additional surplus to reduce the tax, the deferral of a transfer to reserves and the identification of alternate (non-tax) funding for several capital projects.

Mayor Cliff McNeil-Smith said the budget takes a “measured approach” in keeping tax impacts low, while maintaining a wide range of services and the long-term financial health of the municipality.

“With the receipt of the $2.7 million in Canada-BC Safe Restarts funds, we are able to mitigate some of the impacts of the pandemic and transition back to normal revenue levels over the next three years,” he said.

RELATED: Budget talks unfold across the Saanich Peninsula

This year’s budget unfolds against changes that date back to last year when council rolled back its general property tax increase of 1.79 per cent to zero and gave owners of commercial and light industrial properties a 10 per cent break.

This year’s financial plan sees Sidney raise taxes again while confirming the cut for commercial and industrial light properties.

Sidney’s capital budget includes just under $10 million with $4.4 going toward infrastructure replacements, $1.1 million in sidewalk and pathway improvements and $400,000 toward new washrooms on Sidney’s waterfront and the replacement of existing washroom on Fourth Street. It is not clear when the work on the washrooms will begin.

Notable additions to the operating budget included funding for a new climate action coordinator and on-going support for the on-going Official Community Plan (OCP) review.

Ten non-profit organizations receive almost $1 million, representing eight per cent of the operating budget. Council also approved $60,000 in grants for 2021 and 2022 for the Sidney Business Improvement Area Society (Sidney BIA) for business development initiatives and $60,000 from safe restart funds for the development of a long-term economic development strategy.


Do you have a story tip? Email: vnc.editorial@blackpress.ca.

Follow us on Twitter and Instagram, and like us on Facebook.

wolfgang.depner@peninsulanewsreview.com

Sidney

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

Just Posted

Traffic heading south on Highway 17 and looking to turn left onto Beacon Avenue wait for the light to turn Tuesday morning. A report finds the intersection is experiencing “failing levels of service” for certain movements during the morning peak hours as well as the afternoon peak hours. (Wolf Depner/News Staff)
Major Sidney intersection already deficient predicted to get worse

New report also finds area’s pedestrian and cycling infrastructure in need of improvement

An employee at Sidney’s Thrifty Foods tested positive for COVID-19, the parent company Sobeys posted on its website Wednesday. (Wolf Depner/News Staff)
COVID-19 case reported at Sidney grocery store

Thrifty Foods employee last worked at the store April 3

The artist rendered Sadie with a few more ribs and wrinkles than she had in real life, and with the fading of her paint she looks a little sad. But real-life Sadie was an energetic hunting dog, her owner Cliff Curtis said. (Zoe Ducklow/News Staff)
Dog sculpture at Glen Lake Park based off a happy hunting hound

Sadie the dog was not as old as the concrete art looks almost 20 years later

The Latoria South section of the Royal Bay development in Colwood could include a new long-term care facility. (Black Press Media file photo)
Colwood’s Royal Bay could be home to new long-term care facilities

Capital Regional Hospital District board approves $8M land purchase for purpose

Construction of the next phase of Dockside Green, which will include three condo buildings, is now underway, Bosa Developments announced April 9. (Bosa Developments)
Construction underway, homes for sale at Victoria’s Dockside Green

Bosa Developments took over the site from Vancity in 2017

(Black Press Media file photo)
POLL: Do you have a plan in place in the event of a tsunami?

Tsunamis have claimed the lives of more than 250,000 people between 1998… Continue reading

Anyone with information on any of these individuals is asked to call 1-800-222-TIPS (8477) or visit the website victoriacrimestoppers.ca for more information.
Greater Victoria Crime Stoppers wanted list for the week of April 13

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

(Vancouver Police Department)
8 people arrested after anti-pipeline protestors chain themselves to Vancouver buildings

Cst. Tania Visintin said demonstrators caused ‘a serious safety hazard’ for hours Wednesday

Jamie Coutts recorded a man following her around downtown Vancouver for a half-hour on Wednesday, March 18. (Instagram screenshot/Iammjammbamm)
Man charged in alleged high-profile Vancouver stalking case that went viral online

Man faces five other charges including criminal harassment and assault with a weapon

A sea lion swims past the window of an empty viewing area Vancouver Aquarium is pictured Thursday, September 10, 2020. The Vancouver Aquarium has had to close its doors to the public due to the lack of visitors during the COVID-19 pandemic. THE CANADIAN PRESS/Jonathan Hayward
U.S.-based theme park company buys Vancouver Aquarium

Aquarium had to shut its doors in September due to COVID pandemic

Legendary broadcaster Bernie Pascall is among in the Class of 2021 to be inducted into the Canadian Football Hall of Fame. (PQB News file photo)
Island broadcasting legend Bernie Pascall named to Canadian Football Hall of Fame

Pascall named by Football Reporters of Canada as inductee in the 2021 class in the media category

A man wears a protective face covering to help prevent the spread of COVID-19 as he walks past the emergency entrance of Vancouver General Hospital in Vancouver, B.C., Friday, April 9, 2021. THE CANADIAN PRESS/Jonathan Hayward
COVID-19 spike in B.C. could overwhelm B.C. hospitals: modelling group

There are 397 people are in hospital due to the virus, surpassing a previous high of 374 seen in December

Most Read