NewsNow E-Edition June 6, 2024 – View Online

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Grimsby taxes rise 1.7 per cent

Grimsby’s taxes are going up 1.72 per cent, or about $62.41 for a home with an average assessment of $309,000.

The 2014 budget includes a tax levy of just over $9.6 million, an increase of 3.37 per cent, after factoring in the assessment growth of 1.26 per cent.

The 2014 includes revenue losses and additional expenses that have contributed to the levy increase

Other items having an impact on this year’s levy:

• Salaries and wages increase of 1.5 per cent, compared to two per cent in prior years;

• A decrease in overall health benefits costs of $31,850 as a result of negotiations with insurance carriers;

• 2013 saw the end of OMERS contribution rate increases which had cost the town an incremental $50,000 per year for the past three years.

Major capital projects include street lighting, $1.5 million and the sports park at $3,318,750 with additional funds continuing into 2015.

Other major projects include watermain replacements and sewers, pollution control and a new snow plow. The capital budget also includes $52,000 for new library books, which is up $2,000 from last year.

The town’s portion is 24 per cent of resident’s tax bill. Education is 19 per cent, and the Niagara Region’s portion is 57 per cent.

Subscribe & Never Miss An Update

Enter your information below to subscribe to the NewsNow Newsletter.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Comments are closed.

Local News Matters! Help Support News Now with a Voluntary Subscription

Would you like to support NewsNow in its efforts? This is your opportunity.

Get Details