Huntsville considers tax increase limit ahead of 2019 budget talks
Huntsville is setting early guidelines for its 2019 budget.
Town staff are suggesting an increase up to 6.3 per cent for taxes next year. That would translate to about a $43 increase on a $300,000 home. There are a few reasons for a needed increase including a jump in operational costs like fuel, hydro and changes to the labour laws.
Town officials also estimate the capital costs of Huntsville’s infrastructure are about $7 million each year, which means more money needs to go into capital reserves.
A final draft of the budget, based on the financial needs of each of the town’s departments, will be presented to councillors and the public on December 12th.