Councillors vote to increase stipends
PORT HOOD — Inverness municipal councillors have voted to increase their stipends to reflect upcoming federal tax changes that eliminate a provision that one—third of a councillor’s pay is tax—free.
The tax change comes into effect Jan. 1. Councillors unanimously voted in favour of a motion at their meeting Thursday to adjust pretax compensation to allow councillors to maintain the same levels of post—tax compensation after the new rules take effect.
The most it is expected to cost the municipality is about $8,750 in the 2018—19 fiscal year, and almost $35,000 in the 2019—20 fiscal year.
Prior to the changes going into effect, the warden of Inverness County received a gross honorarium of $48,803, with the deputy warden receiving $37,003 and councillors receiving $32,923.
Council in the Town of Port Hawkesbury recently voted to defer a decision on any possible stipend increase to their budget deliberations, while Cape Breton Regional Municipal council voted to increase their gross stipends to ensure their post—tax pay remained the same after the tax rules change.