Peterborough County residents can expect a 3.85 per cent increase on their tax bill after councillors approved the 2018 budget early Wednesday afternoon.
The increase would mean an average home in the county assessed at $249,500 would pay about $27.32 more in county taxes. Councillors discussed the budget for about four hours before final approval.
Warden Joe Taylor thanked staff for all of their hard work. “A tremendous amount of work goes into this … it’s a huge effort.”
The increase is 1.57 per cent less than the 5.42 per cent tax increase proposed when the initial draft budget was presented in January. It includes a 12 per cent increase in operational costs, something Coun. Scott McFadden sought more information on.
Higher costs for repairs and maintenance, supplies, salaries and benefits were the biggest factor, finance director/treasurer Trena DeBruijn said.
Two per cent of the budget is dedicated to public works infrastructure. Microsurfacing of roads accounts for $1.4 million alone, she said.