The District of Sooke has released a draft budget for 2024, suggesting that the largest property tax increase in municipality’s history may be on the horizon.
District staff estimate a 13.3 per cent increase is needed to cover $1.45 million in new operational expenses. This translates to an average monthly increase of $15.43, or $185.16 annually, for homeowners with properties valued at the average of $782,905.
Councillor Jeff Bateman said the proposed increase is significant, exceeding the 6.99 per cent increase implemented in 2023. However, he anticipates further reductions through council discussions.
“Council will inevitably reduce this number – likely back into single digits if possible,” Bateman said. “We recognize the importance of continued investment in Sooke by homeowners and businesses who call for a functional, safe, and connected community.”
Last year, council achieved a similar reduction, starting with a proposed 9.34 per cent increase and finalizing at 6.99 per cent.
The budget’s key investments include 24/7 fire rescue services, transitioning to 24/7 police services, bylaw resources, updating the official community plan, major road infrastructure project completion and design work, Ravens Ridge Park enhancements, Little River pedestrian crossing and playground equipment replacements.
The draft budget acknowledges ongoing “challenges” to the district’s financial outlook, including growth, high inflation, a tight labour market, and high interest rates.
The municipality’s 2024 budget anticipates a $308,000 revenue increase from various sources, such as fees, charges, tax penalties, sewer parcel taxes, investment interest, and permit and licensing revenue.
Mayor Maja Tait expects staff to continue exploring new revenue streams, service improvements, and advocating for increased senior government funding.
“We recognize the affordability crunch that everyone is in,” Tait said.
“(Council) would like to see some changes here. There was agreement not to slash anything in the budget, but to find away to bring this down so it’s more affordable for residents.”
Sooke collects the second lowest amount of residential taxes on Vancouver Island, trailing only Lake Cowichan.
Sooke’s budget numbers represent the municipal portion of taxes only. They do not include taxes levied by other agencies: Sooke School District, the Vancouver Island Regional Library, Capital Regional District, Island Health, the Municipal Finance Authority and B.C. Assessment.
Property taxes are due July 2.
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