Sherbrooke adopts budget
The Sherbrooke municipal council has adopted its municipal budget of 2013, foreseeing revenues and expenses in the order of $265,274,550.
“To reach our budgetary obligations, we have succeeded for the fourth year in a row to keep the increase in the property taxes lower than the increase in the cost of living, at 1.91%,” commented Sherbrooke mayor Bernard Sevigny.
This year the city adopted a new evaluation role: the average evaluation of a one-family home went from $184,650 to $211,950. To reduce the fiscal impact of the new evaluations, the tax rates of citizens were reduced to keep the increase at 1.91%. With regards to the rates for potable water and the treatment of used water, the respective increases of 9.42 % and 4 % represent the real costs of these services.