Tax Rate Taking A Decrease
In a special council meeting last night, the 2009 budget was brought forward, it was announced that the overall expenditure increased by 4.6 percent, the towns tax base went up 8.8 percent which created the extra revenue which the town has been able to develop the budget and reduce it 4.78 which is a sizeable decrease in the tax rate, unfortunately the province has raised the assessments to a higher amount so unfortunately the citizens may not see a decrease in their tax bills, but they wont see as large of an increase as if they hadn’t reduced the tax rate
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