
Hamilton’s 2021 Residential Property Taxes Increase is 2.1%
, Editor |
City’s operating budget increase is 2.6%. With education taxes decreasing due to provincial policy, the tax increase is now 2.1%.
TPR Hamilton | Hamilton's Civic Affairs News Site (https://thepublicrecord.ca/topics/2021-city-of-hamilton-budget/)
City’s operating budget increase is 2.6%. With education taxes decreasing due to provincial policy, the tax increase is now 2.1%.
CityHousing Hamilton projected a $4.6-million shortfall, and growing arrears will add to this amount.
City staff will update on other social housing providers in the near future.
The proposed 2021 capital spend for Hamilton’s public transit agency, the Hamilton Street Railway, is $192,892,000. Of this, around 75 percent, $140,208,000 is being funded by other levels of government.
The deficit comes as City Council instructs CityHousing to freeze its budget at 2020 levels.
A 4.0 percent tax increase would represent an increase of $146 for a home with average assessed value exclusive of area rated services.