In a news release dated December 7, the Town of Oakville stated, "Achieving Council's direction to keep the overall property tax increase in line with inflation, Oakville's 2016 Budget Committee has recommended a 2.4 per cent increase to the town's portion of the tax bill."
If this is approved, Oakville residents would see an increase of 1.66 per cent in 2016 to their property tax bill. The proposed increase would see residential property taxes increase $14.14 per $100,000 of assessment.
This will go before Council for approval on December 14.
Budget Chair Councillor Tom Adams says that many municipal increases are expected to be higher than Oakville's.
"This recommended budget strikes a healthy balance between offering valued services and programs, making strategic investments in infrastructure and community priorities, and keeping the overall tax increase in line with inflation," he said. "Nearly half of the Oakville portion of the increase is related to infrastructure maintenance and repair."
To read the full release, click here, and to review the budget, click here.
