Surrey City Council has approved a 5 year financial plan that includes a 2.9 percent increase in property taxes each year.
Councillor Tom Gill says the plan is geared towards inflation, and is based upon the assumption inflation will be about 2.9 percent over the next 5 years.
Gill says with a hike in a road and traffic levy and utilities, it will mean an increase of one hundred and one dollars for the average household, “One of the things that we are very proud of in Surrey is that we’ve got the lowest residential taxes per home in comparison to average units throughout the Lower Mainland.”
Other parts of the plan include the hiring of 10 new RCMP officers in 2012 to keep up with the current officer-to-citizen ratio.
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