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PortMoody girdsforbig taxincrease
Draft budget boost would cost average homeowner $311
MARIO BARTEL mbartel@tricitynews.com
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Property owners in Port Moody could be facing an 11 33 per cent tax increase this year.
That amounts to an additional $311 for the average home assessed at $1 3 million when the annual storm and drainage fee is included
In a presentation of the city’s draft budget to council’s finance committee on Tuesday, manager of financial planning Tyson Ganske said the boost is “obviously a high number, a higher number than we’ve typically seen in Port Moody”
In fact, it’s more than double the 5.48 per cent increase facing residents of neighbouring Coquitlam and 6 62 per cent more than the 4.71 per cent hike Port Moody residents paid last year
“This is quite a huge tax impact,” said Mayor Meghan Lahti, adding the process of getting to a final budget is in its earliest stages that will also include public consultation and further deliberations by council “People should come with their pencils sharpened so we can get that tax increase down” see HIGH
, page 5
