The City of Grande Prairie has approved a 0.51 per cent municipal property tax increase.
Mayor Bill Given says because of a surplus in the City’s operating budget, the increase wasn’t as high as originally proposed.
“Essentially Council decided to use some of the 2016 operating surplus and move that forward into 2017. The result of that transfer of $200,000 from the 2016 surplus into 2017 operating lowered the property tax increase of 0.71 per cent to 0.51 per cent.”
Given says the Provincial Educational Tax will also play a roll in future municipal tax increases.
“The province increased the amount of money that they are requiring municipalities to collect on their behalf, in order to fund the provincial education system, they did that in the provincial budget 2017. The province is taking approximately and additional $2 million from the City of Grande Prairie property tax base to fund the education system.”
Tax increases will be mailed out to homeowners by the end of May and are due for payment on June 30.