Ottawa budget imposes two-per-cent tax increase
The average homeowner will see their property taxes rise $55 in 2017.
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The average homeowner in Ottawa will pay $55 more next year in a proposed budget city
That is based on a two-per-cent increase and an average home price in the city of $395,400.
The city tabled its 2017 draft budget at a council meeting Wednesday, outlining what Mayor Jim Watson called a “path of fiscal prudence,” which he said strove to create an affordable and sustainable city.
The budget shows a continued adherence to the mayor’s two
There are also increases in the snow-clearing budget of 4.5 million – that’s after staff found $10.8 million in efficiencies.
Overall, the city found $31.3 million in efficiencies, $18.4 million of which came from layoffs that saw 177 employees let go and 1,400 affected as of October.
“I firmly believe that we are in much better shape today than we found ourselves in two years ago,” said Watson, pointing to both the city restructuring and provincial and federal support for projects and causes.
The city’s net debt is forecasted to reach $1.78 billion, though staff noted the city’s assets are increasing faster than the debt.
With files from Emma Jackson