Spallumcheen council vowed to keep taxes in line.
Council gave unanimous approval Monday to the first three readings of its five-year financial plan bylaw which will see a total tax collection increase of less than $40,000 from last year.
“It will mean about a $53 increase on the average residential single-family home in the township,” said Brian Freeman-Marsh, chief financial officer.
The total increase for municipal, general, policing and additional farm levies equates to .83 per cent though the levy for residential is a bit more because of a saving in the Class 9 farm rate.
Those residents who pay taxes on Class 9 properties will see a decrease.
“If they paid $1,000 last year, they’ll pay about $750 this year,” said Freeman-Marsh.
The financial plan in 2015 calls for revenues of $8.5 million, more than half of which will come from municipal property taxes.
Capital expenditures for 2015 will be nearly $2.6 million, spent on roads and streets, along with $528,000 – the township’s portion – toward the Armstrong Spallumcheen fire hall expansion.
Nearly $4.4 million will be spent on other municipal purposes, which includes policing costs.
Council is expected to adopt the financial plan at its next regular meeting May 4.