Property taxes going up almost 5% in Vernon | iNFOnews | Thompson-Okanagan's News Source

Would you like to subscribe to our newsletter?

Current Conditions Cloudy  -1.4°C

Vernon News

Property taxes going up almost 5% in Vernon

Vernon Mayor Victor Cumming.
Image Credit: Submitted

A 2023 tax hike of 4.79% was supported by Vernon city council today, Dec. 6.

The 2023 budget includes 2.89% for operating and service increases with another 1.9% added as part of an annual increase to cover the cost of city infrastructure, according to a City of Vernon media release.

“While deliberating the budget, council carefully reviewed proposed improvements to a number of core public services and thoughtfully considered the balance between affordability and community needs,” Mayor Victor Cumming said in the release.

“In the end, council endorsed a budget that prioritizes safety, improves snow clearing, maintains services our citizens rely on every day, and enables the city’s ability to practically and sustainably support an ever-growing community.”

The budget includes two new RCMP officers, a deputy fire chief and an additional bylaw officer.

READ MORE: What will Vernon's Active Living Centre actually cost taxpayers?

The city will spend $12 million for the final design of the new Active Living Centre project this year, or about 10% of the full cost of the $121 million facility.

There will be no tax impact for that next year. Funds are expected to be borrowed through the Municipal Finance Authority in the fall of 2023.

Residents will start paying for the new recreation centre in 2024 with taxes gradually going up by a total of 17% by 2027. Those payments will continue for 30 years.

To contact a reporter for this story, email Rob Munro or call 250-808-0143 or email the editor. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw.

We welcome your comments and opinions on our stories but play nice. We won't censor or delete comments unless they contain off-topic statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about what you see in comments, email the editor in the link above. 

News from © iNFOnews, 2022

  • Popular kelowna News
View Site in: Desktop | Mobile