November 10, 2012

Page 1

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11 | 10 | 2012 VOLUME 17 | ISSUE 48

ST. JACOBS MAN EXPLORES AREA THROUGH PHOTOS LIVING HERE PAGE 28

COMMENT PAGE 10

IT'S COUNCIL'S JOB TO LOOK OUT FOR TAXPAYERS

www.OBSERVERXTRA.com

Woolwich eyes 4.3% tax hike for 2013 With budget in early planning stages, township seeks to increase revenue, but plans no spending cuts STEVE KANNON Woolwich homeowners can expect a 4.3 per cent tax hike next year, led by a special levy to fund infrastructure projects. Although the budget process is in the early stages, councillors this week gave preliminary approval to a framework that includes inflationary-level spending increases and no cost-cutting measures. Taxes would rise 1.8 per cent to cover operational spending, while another 2.5 per cent hike is earmarked for repairs and upgrades to roads, bridges and water pipes. Based on current numbers, that 4.3 per cent hit would amount to another $25 to $30 a year on the township portion of the average tax bill, using an assessed value of $254,000. Director of finance Richard Petherick warned, however, that the 2013 bills will be based on new assessment levels from the Municipal Property Assessment Corporation (MPAC), making it

The Elmira Legion marked Remembrance Day November 4 with ceremonies in Elmira and Linwood. See photos on page 2.

[COLIN DEWAR / THE OBSERVER]

TAXES | 2


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