Kenora Mayor Dan Reynard, councillors and staff with the City of Kenora are still working out the details of the 2019 Budget.
“Staff was left with some good direction after the January meetings, and all indications are that they will be bringing forth more options to look at,” said Mayor Reynard.
Previously, councillors were debating a 6.4 per cent increase in the tax levy, but staff wanted to lower that number to ease the burden on residents. In 2018, the city raised $25.4 million through its tax levy, an increase of 2.56 per cent from 2017. Each percentage point is estimated to be worth $245,000.
For a home valued at $175,500 -- middle of the pack in the 2018 market – the property tax bill was for $2,443, about $52 dollars than in 2017, or a 2.6 per cent increase over last year's bill of $2,390.49 on a property that was worth $166,750.
Considering last year's property value assessment went up 5.25 per cent, it meant council actually decreased city spending, in order to reduce the impact on home owners. According to city staff, 37 per cent of the bill -- equal to $784 -- goes towards other organizations.
“The big concern for me, is with the unknown with the provincial and federal government funding. Hopefully, we’ll get a better idea soon, whether it’s what they projected originally or will there be changes coming based on the new provincial government,” Reynard added.
City staff will be meeting again on March 5, in an attempt to finalize and pass the year’s budget.
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Tough time with taxes