11.8% property tax increase a possibility for Sechelt homeowners
A draft budget report from Sechelt shows that residents should prepare for the possibility of an 11.8 per cent property tax increase.
It works out to be about a $171 increase, for the average home and Sechelt’s Director of finance Doug Stewart says there are some projects and initiatives that will have an impact on next year’s budget.
“The district is looking to add three additions positions so that will certainly have an impact,” said Stewart.
“Some of the other major impacts is surrounding salary and benefits of almost $300,000 and the RCMP contract will cost us an additional $80,000.”
The report is preliminary and the district will engage with the community in January to see how they feel about the proposed tax increase.
However, in order for the district to offer the same level of services, Stewart says the 11.8 per cent tax increase would be necessary.
Stewart also says the district still getting their finances together and he believes this will be last year where residents will see significant increases for their property tax.