The average Saanich homeowner will see a $93 increase on property taxes this year after Saanich council approved the 2015 budget on Tuesday.
The nearly $245-million budget includes a 2.21 per cent tax increase for operations, and smaller increases for resource requests to maintain service levels, capital infrastructure replacement and program enhancement and new infrastructure maintenance.
The property tax increase this year compared to 2014 will be 4.23 per cent for homeowners. (The average single family homeowner in Saanich has a home assessed at $592,500 with a one per cent assessment increase over 2014).
“Our most recent citizen and business surveys indicate that Saanich residents wish service levels to remain the same.” said Mayor Richard Atwell in a statement. “This year’s operational increase maintains the current level of service and addresses utility increases from hydro, water and gas, along with our continued support for our world class library system”.
The program for increasing funding to address infrastructure replacement continues to be an important part of Saanich’s annual budget. The additional 1.32% in taxation is going directly to supporting the capital program, which includes over $2 million for park, playground and trail improvements, over $3 million for sidewalk and bikeway additions and improvements, $8.7 million for roadway upgrades and $14.8 million for sewer and water infrastructure replacement.
The total approved budget is $136,621,500 for operating, $53,990,700 for capital and $54,219,600 for sewer and water utilities for a total consolidated budget of $244,831,800.