May 11, 2016

Page 1

T.W. Paterson’s ‘Chronicles’: Prohibition couldn’t stand up to profit

LIVING, Page 13

Jr. B Cowichan Valley Thunder win ‘ugly’ one over Nanaimo T-Men

SPORTS, Page 19

WEDNESDAY

‘MARY POPPINS’ DELIGHTS /15

Serving the Cowichan Valley

www.cowichanvalleycitizen.com

Wednesday, May 11, 2016

NORTH COWICHAN

Taxes going up almost 3 per cent CITIZEN

GRAD GRINS See more photos from Chemainus’s parade Page 11

Decked out in their finest attire, Chemainus Secondary School graduates brightened the town on an already-sunny Friday afternoon last week as part of the school’s annual grad parade. [JAMES GOLDIE/CITIZEN]

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The Municipality of North Cowichan increased property taxes 2.9 per cent for the average homeowner in 2016 at its council meeting on May 4. That amounts to an increase of $56 in taxes for the average $320,000 home in the municipality. The municipality was considering a tax increase of 2.51 per cent in all classes, but a decision was made to reduce light industrial rates by 15 per cent to make them more competitive with other jurisdictions in the province. That resulted in the decision to raise the municipality’s taxes in the other seven categories by 2.95 per cent. According to a staff report, as of the end of 2015, the municipality had an accumulated surplus of $276.6 million, an increase of $4.2 million for the year. “This is largely comprised of net investments in tangible capital assets, worth $242 million, which includes land, park infrastructure, roads and utility assets,” according to the report. “Capital expenditures for the year were $11.4 million.” This included money for road, water and flood protection projects.


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