No property tax increases in Esquimalt
May 09 2012
Esquimalt property owners won't face a municipal tax increase this year.
Esquimalt council has approved a $37-million budget that calls for no increase in taxes for either residents or businesses.
Mayor Barb Desjardins said the township was able to hold the line on taxes due to conservative budgeting and a late and higher than expected payment in lieu of taxes from the federal government.
The municipality receives the bulk of the federal money - which the government pays instead of taxes on its properties in the township - in July and usually gets a second payment in October.
"This past year, that second payment did not come in until Dec. 28," Desjardins said.
"[This year] on top of budgeting conservatively, we ended up with more money in that than previously thought," she said.
Even without a tax increase, the municipality was able to top up its reserves and budget for $7.5-million worth of infrastructure improvements, Desjardins said.