Victoria seeks feedback on huge 10.44% tax increase
Taxes are going up for residents and businesses in the City of Victoria, but there’s still time to add your input. The current proposal would see property tax revenue increase by 10.44% from last year’s tax revenue of $195 million.
“Nobody wants to pay 10% more in taxes and this number is disappointing to say the least,” Chamber CEO John Wilson said. “At this point in the process, there are costs that are difficult to cut for practical and political reasons. However, Chamber members tell us they are concerned about government spending so we will work with all levels of government to reduce the burden on taxpayers.”
If approved by Victoria council, the tax increase would provide an extra $9.8 million for the Victoria Police Department’s budget and an extra $10.6 million for other city costs. The city’s overall proposed operating budget, including VicPD, would be $384.1 million. A further $84.5 million is proposed for capital improvements.
The city is accepting feedback on the budget by Jan. 23 in writing or by pre-recorded video.
