|
 RICHMOND HILL APPROVES MODEST PROPERTY TAX INCREASE OF 1.96%
Following a series of meetings and careful consideration, Council approved the 2010 Budget at its January 12 Special Budget Council Meeting [PDF] with an operating component of $116.8 million and a capital budget of $21.5 million. This results in a 1.96 per cent property tax increase.
Budget Highlights
Operating Budget Highlights
Grant Funded Project Highlights
Town Funded Capital Highlights
2010 Tax Rate Increase
For a Richmond Hill residential property assessed at $430,000, the increase translates into $22.65 annually or $0.06 per day.
The 2010 Budget demonstrates Council's understanding of the pressures that residents are feeling and Council has responded with the approval of a fiscally sound 2010 Budget.
This budget enables the residents of Richmond Hill to continue the same standard of living they have come to expect while also investing in our future with major infrastructure projects and maintaining our debt-free status.
Also, thanks to the Federal and Provincial grant funding the Town has received, Richmond Hill will be seeing an unprecedented $50 million worth of capital-funded projects this year.
For questions about the Town's Budget, e-mail us at budget@richmondhill.ca.
|
