Close X
Saturday, November 23, 2024
ADVT 
National

Surrey reconsiders 17.5 per cent tax increase

Darpan News Desk The Canadian Press, 07 Mar, 2023 10:52 AM
  • Surrey reconsiders 17.5 per cent tax increase

SURREY, B.C. - Councillors in Surrey, B.C., plan to use newly allotted provincial funding to reduce the city's proposed 17.5 per cent property tax increase slated for the 2023 civic budget.

During a finance committee meeting on Monday, councillors voted to send the budget back to staff so an $89.9 million allotment from the province's Growing Communities Fund could be applied to the bottom line.

A statement from the city says council has asked staff to use the money to cut the overall proposed property taxes from 17.5 per cent to no more than 12.5 per cent.

The revised budget is expected to be ready for review at council's next meeting on April 6.

Nearly 10 per cent of the original 17.5 per cent tax hike was related to the cost of Mayor Brenda Locke's pledge to keep the Surrey RCMP detachment and scrap a transition to a municipal police force.

Locke says Surrey's share of the provincial fund will shave five per cent off the cost of keeping the Mounties, but warned the budget would be "blown out of the water" if Surrey is ordered to proceed with the switch to a municipal force.

Public Safety Minister Mike Farnworth has said he expects a decision from his ministry on either returning to the RCMP or staying with the Surrey police transition before property tax notices are mailed to residents in late May or early June.

The B.C. government approved the previous council's request for transition to the Surrey Police Service and must do the same for the move back to the RCMP, in a decision Farnworth has said will ensure a safe plan for effective policing throughout the region, not just Surrey.

MORE National ARTICLES

Will the Bank of Canada raise its key interest rate again?

Will the Bank of Canada raise its key interest rate again?
Since last March, the central bank has raised its key rate from near-zero to 4.5 per cent, the highest it's been since 2007. The central bank's next rate decision is set for Wednesday.

Will the Bank of Canada raise its key interest rate again?

Trudeau 'surprised' by B.C. firm's cocaine licence

Trudeau 'surprised' by B.C. firm's cocaine licence
Trudeau said Friday that the federal government was "working very quickly" with Adastra Labs of Langley, B.C., "to correct the misunderstanding" caused by the company's statement saying it was looking at commercializing cocaine as part of its business model.

Trudeau 'surprised' by B.C. firm's cocaine licence

Three B.C. avalanche victims from Germany

Three B.C. avalanche victims from Germany
Mayor Walter Bauer told the news agency that the other man was from Munich. RCMP say nine foreign visitors and their Canadian guide were engulfed by the avalanche Wednesday.

Three B.C. avalanche victims from Germany

Eby says failure of laundering laws 'shocking'

Eby says failure of laundering laws 'shocking'
Eby told a news conference on Thursday about funding for overdose prevention and mental health that, "if Health Canada did in fact do this," the federal agency did so without engaging the B.C. government or notifying the province. 

Eby says failure of laundering laws 'shocking'

B.C. to ask Ottawa to change money laundering law

B.C. to ask Ottawa to change money laundering law
Niki Sharma says B.C. will ask for changes to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to bring Canadian law into harmony with the United States and United Kingdom.    

B.C. to ask Ottawa to change money laundering law

B.C. firm gets Health Canada's OK to sell cocaine

B.C. firm gets Health Canada's OK to sell cocaine
Adastra CEO Michael Forbes says it will evaluate how the commercialization of the substance fits in with its business model in an effort to position itself to support the demand for a safe supply of cocaine.    

B.C. firm gets Health Canada's OK to sell cocaine