MAPLETON ‒ Mapleton residents can expect a tax increase of less than four per cent in 2024.
Adopted during a council meeting earlier this week, a tax increase of 3.48 per cent, or $17.41 per $100,000 of assessment is recommended in the municipality's 2024 Operating Budget.
This does not include the county portion of any tax increase.
An earlier budget draft suggested a levy increase of 4.26 per cent in 2024, with increases of approximately 5.9 per cent and 1.8 per cent in 2025 and 2026.
"I think (this is) a thoughtful responsible budget with levy increases that are palatable and that means something to everybody," said Coun. Michael Martin, during the meeting. "This is never a fun time of year for anybody...discussing this stuff but it's all meaningful work that needs to be done."
According to director of finance John Morrison, $10,760.091 of capital projects are planned for 2024.
Council previously approved 3.89 and 1.64 per cent increases in 2023 and 2022.
Isabel Buckmaster is the Local Journalism Initiative reporter for GuelphToday. LJI is a federally-funded program.
