le Jeudi 26 mai 2022
le Mercredi 14 octobre 2020 21:21 Autres - Others

Taxes rise, water falls in draft Russell budget

PROPERTY owners can expect to pay an extra 1.5 percent in municipal taxes in 2021, according to draft budget documents presented to Russell Township’s council last week. — stock photo
PROPERTY owners can expect to pay an extra 1.5 percent in municipal taxes in 2021, according to draft budget documents presented to Russell Township’s council last week.
stock photo
The average household could pay an extra $26 in tax but see a drop in water and sewerage costs next year, according to Russell Township’s draft budget.

Municipal staff estimated a total budget of $38,577,203, of which $13,466,465 would come from the municipal levy of property taxes.

The document presented to the council on Monday, October 5, forecast a 1.5 percent overall tax increase for residents, raising an extra $199,011. That would amount to an approximate $26 increase in property taxes for an average household, whose land and house were valued at $340,410. The increase was well below the four-percent rise approved in the 2020 budget.

Water and sewer fix rates, however, would drop by $69 and $66 respectively. Property owners would pay $275 for the water fix rate and $300 for the sewer rate if the budget were approved. Water consumption rates were unchanged, at $2.86 per cubic metre.

Councillors will discuss the details of the draft budget line by line at working day sessions on October 21 and 22. The final budget will be adopted at the regular council meeting on Monday, November 2.