Victoria's Budget Delay: Tax Hike on Hold

Budget Blunder: Victorias Tax Hike Delayed Due to Typo

A minor error in Victorias city budget has pushed back its final approval to May seventh. The police capital costs line was incorrectly listed as one point five million dollars instead of the correct one point seven million. City council quickly corrected the mistake, but now they must wait due to provincial rules requiring at least twenty-four hours of public posting before council votes. This delay means homeowners face a nine point three four percent tax hike, about three hundred twenty-three dollars more for the average one point zero one five million dollar property. Businesses get hit lighter at four point seven eight percent, around four hundred twenty-seven dollars on a seven hundred twenty-one thousand dollar assessment. The overall budget calls for a seven point two eight percent tax increase across the board, with residential rates at three point seven dollars per thousand and business at twelve point six seven. Council is set to rubber-stamp the budget on May seventh, allowing residents to plan ahead without further surprises.

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