Taxes going up in Victoria
Mayor says extra revenue needed in order to balance budget
After holding the line on tax rates for as long as they could, members of the Victoria town council had to bite the bullet this year and hike taxes and fees to balance the 2012 budget.
Property, water and sewer and business taxes have all gone up marginally, while some fees for services have doubled.
“We needed a little extra revenue to balance our budget,” Mayor Art Burke told The Compass last week. “So rather than up the mill rate, which remains at 9.5 mills, we decided to find the revenue in other parts of our tax structure so everybody would contribute to the cost evenly.”
Last year, Victoria council actually reduced its mill rate from 10 to 9.5 mills.
Victoria is one of the few towns in the Trinity Conception region that has adopted a tax increase this year. Most other municipalities have been able to hold the line on increases for another year.
Time to catch up
“We were way behind other towns in the area when it comes to minimum property tax and minimum water and sewer, and tax certificates and things like that,” Burke said.
Suggesting, “we only needed $25,000 or $26,000 to balance our budget,” the mayor said, “basically, that’s where the bit of extra revenue we needed came from (property and water and sewer taxes).
“I guess we could have found it in our budget, but if you find it this year then you got to find it again next year. And you’d be looking for $50,000 then. Better to take the little bump when you need it rather than finding it in the budget, and eliminating things here and there.”