The Town of Gibsons has adopted the 2024-28 Financial Plan, including a tax increase for residents.
The budget was adopted during the May 7 council meeting, and according to a media release council says the increases were needed to ensure the municipality can continue to provide services to meet the community’s needs.
The town has approved an eight per cent tax increase, which they say will be five per cent for future policing and three per cent for general taxation. Staff say these increases are based off an average property assessment.
“The owner of an average property valued at $920,560 would pay an additional $103.24 in municipal taxes,” the town said in a media release.
The budget also includes a five per cent water rate increase, a five per cent sewer rate increase, and a $38 increase in garbage and organics.
According to the town, these increases will go to projects slated for 2024 including Skyline Drive water main ($2.185 million), Centrifuge replacement ($1.02 million), and White Tower Park ($1.51 million),
For a list of projects, the Town of Gibsons will be funding visit their website.
