Here’s How Much Your Taxes in Burlington Could Increase This Year
The City of Burlington recently revealed its proposed operating budget for 2019.
And tax increases could be in the future for residents if it is approved.
However, this is not necessarily unheard of.
The proposed operating budget is $167,556,586. This money, according to the city’s 2019 Proposed Operating Budget document, will go towards the following expenses: capital, public safety, maintenance, internal support and administration, transit, roads and transportation, local boards, leisure, provision for Joseph Brant Hospital, design and build, customer relations and citizen representation, mayor and council, as well as corporate revenues and expenditures.
According to a recent blog post on Burlington Mayor Marianne Meed Ward’s website, this proposed budget suggests a city tax increase of 3.99 per cent. With this increase, 1.97 per cent would be used to maintain services, 1.25 per cent would be used for infrastructure renewal, and 0.77 per cent would be used for service enhancements.
Property taxes, according to the budget document, are the largest and most important revenue source for municipalities.
The blog post notes that, “When you combine the estimated regional and education tax rates for 2019, the increase for a Burlington homeowner will be 2.45 per cent — so, if you own a $500,000 home, you would be paying an additional $99.95 per year, or $1.92 per week.”
The proposed 2019 capital budget for the city is $96.8 million with a 10-year proposed total of $819.3 million.
On March 25 at 6:30 p.m. a council meeting will be held to consider the approval of the proposed budgets.
In the meantime, residents can provide feedback on this budget proposal in many ways. Residents can register to speak at the committee of the whole budget meeting taking place on Feb. 7, listen and ask questions during the 2019 budget telephone town hall that will be hosted by the mayor on Feb. 7 (more details on this will be provided as they become available), attend the in-person 2019 budget town hall meeting that is taking place on Feb. 11 at the Central Arena from 2 to 3:30 p.m., or visit www.getinvolvedburlington.ca.
What do you think of this budget proposal?