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Page 2 - பள்ளி மாவட்டம் ஆஃப் மர்மம் ஏரி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Property tax increase in 2021 budget unpopular with residents speaking at financial presentation

For a residential property assessed at $174,680, the total taxes before the provincial education tax credit is applied will be $3,656 compared to $3,584 in 2020. For a commercial property valued at $1 million, total taxes would be $36,030 this year compared to $35,447 last year, a difference of $583. The total city budget, if passed without changes, will be about $41 million. About 69 per cent of that is accounted for by salaries and benefits (47 per cent) and paying for RCMP services (22 per cent). The city said in a press release that council decided to include an increase in property taxes this year in order to attempt to qualify for federal-provincial grant funding for road work and water and sewer work. Though they are still pending approval, obtaining these grants would see the city complete $5.7 million of road work with less than $1 million of city money provided and $6.8 million in water and sewer work while contributing $1.8 million of city funds. The city said in a pr

School board approves budget and provincial borrowing for capital projects

The board also approved $717,800 of provincial borrowing. Most of this amount – $586,100 – will go toward a major addition and renovation at R.D. Parker Collegiate, while $125,000 is for district fibre installation. There is also $6,700 to complete the addition of modular classrooms at Wapanohk Community School. This year’s operating expenditures are on track, with 52.6 per cent of the budget having been spent as of March 18, which was 65 per cent of the way through the school year. Seventy-two per cent of planned COVID-19 expenses have already been spent, however, and the district is currently predicting a $95,342 deficit for pandemic expenditures. “That has prompted the review of current in-year budget amounts so that we can address the deficit at this time,” said Knott. “There’s no more other surprises we’ve encountered at this point.”

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