If you own a home with an assessed value of $315,764 – which is the average in Guelph – you’ll be paying an extra $104.79 to the city next year.
Wednesday night, councillors approved their 2017 operating and capital budgets.
The operating budget came in at $222.9 million, meaning a 2.13 per cent increase on property taxes. On top of that, councillors approved a special property tax levy of one per cent for infrastructure projects.
City officials tout the levy as a way to address growing infrastructure needs without cutting into other programs and services.
Whether it continues past 2017, and at what cost to taxpayers, will be determined during future years’ budget processes.
In a press release, Mayor Cam Guthrie said the operating budget increase was one of the city’s smallest in recent years.
“We are putting the pieces in place to ensure we have safe and reliable public infrastructure, today and for future generations,” he said.
