Mayor Jim Watson released the draft 2018 budget today.
Property taxes will increase two per cent
In addition to the property tax increase, the budget also proposes a four per cent increase in the water rate, the waste water rate will increase five per cent and the stormwater fee will increase 5 per cent.
In 2018 on a home assessed at $404,000 property tax payers in the city will pay an additional 76 dollars, rural property owners will pay $62 dollars more.
Mayor Jim Watson called $3.42 billion dollar budget “balanced, affordable and progressive.”