Port Colborne taxes climbing 3.95%

Posted by Jamie Lee on Wednesday, February 1st, 2012

MARYANNE FIRTH/Tribune Staff

The pockets of Port Colborne’s average homeowner will be about $50 lighter this year.

City councillors passed the 2012 operating and capital budgets Monday night, bringing in a 3.95% tax hike.

This means a residential property with an average assessment of $168,000 will see in increase of about $49.55 to its city portion of its tax bill this year, said Peter Senese, director of community and corporate services.

At its last meeting on Jan. 23, council sent the budget back to staff to search for $30,000 in savings with hopes of bringing the tax increase below 4% — direction that to councillors proved successful on Monday.

Mayor Vance Badawey admitted he’s not satisfied with the budget, as council always “tries to shoot for inflation.”

“But there’s a reality to that,” he said. “It’s the cost of doing business.

“There’s no questions that we made a lot of cuts and changes, but I don’t think a lot will be seen in the day-to-day community,” Badawey said.

It’s a matter of finding a balance between the services people expect to see and the cost required to provide them, he added.

As the 2012 budget process kick-started the city’s service audit, Badawey is confident Port Colborne will identify further efficiencies in the coming months.

Though council hoped to see a tax levy increase closer to inflation, prior to Christmas the number sat at a near 8%. It was through approval of debenturing $500,000 of roads funding that council was able to lower the tax hike to a more reasonable number to work with.

During Monday’s meeting, Badawey reiterated that debenturing the funds would not have an impact on taxpayers — despite that seeming to be a fear floating throughout the community.

The funds are being borrowed under low interest rates, which is a benefit to both the city and community, Senese said, calling the debenture a “cash-flow mechanism.”

Though the debenture’s annual cost of $35,000 will be repaid through the tax levy, it will be taken out of the existing roads budget, meaning no impact to taxpayers, Senese said.

“It’s self-financing,” Badawey added.

 
 
 

News Archive

 
Wind Storm Update
Road closures & downed trees across city due to high winds.
Michelle CuthbertWed Apr 4th, 2018
´╗┐Candidate information session for municipa…
The Ministry of Municipal Affairs is hosting a candidate information sessio…
Michelle CuthbertTue Apr 3rd, 2018
Watershed Conditoins Statement - Flood Outloo…
The Niagara Region and Haldimand County are currently under a Wind Warning …
Michelle CuthbertTue Apr 3rd, 2018
Dog Licensing By-Law Awareness Program
The City of Port Colborne, in partnership with the Welland & District SPCA …
Michelle CuthbertFri Mar 23rd, 2018
School Crossing Guard Safety Initiative Launc…
The Municipal School Crossing Programs Committee of Niagara wishes to remin…
Michelle CuthbertMon Mar 19th, 2018
Easter Eggstravaganza
Join us for our Easter Eggstravaganza, including an Easter Egg Hunt and FRE…
Michelle CuthbertWed Mar 14th, 2018
Mayor Maloney not seeking re-election
"I have enjoyed my term as Mayor and wish to thank the people who I have wo…
Michelle CuthbertTue Mar 13th, 2018
Hats off to the Opening of the Welland Canal
As clocks have sprung forward and the first day of spring is just a week aw…
Michelle CuthbertMon Mar 12th, 2018
« Prev 1 2 3 4 5 6 7 8 Next »