The City of Quinte West has released the staff report looking into the feasibility of a 3% tax rate increase for the first year of the budget.
In February, council asked staff to look into the 3% increase following public input into the original budget proposal.
The original draft operating budget’s tax levy, including 4% for capital investments each year, would increase by 10.25% this year on residential properties.
It was then changed to an 8.45% tax levy increase with 2.5% going into capital investments.
Outlined in the report are a number of cost saving and revenue generating measures.
The full report can be found at the city’s website.
City council will be discussing the report at a special council meeting on Wednesday, March 22.
