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Wednesday, January 15, 2020

Bracebridge Residents Face "Very Soft" 0.1% 2020 Tax Increase

Bracebridge | by Matt Sitler  

Bracebridge Mayor Graydon Smith says the 2020 budget includes a slight spending increase, but that it's offset by assessment growth.

Bracebridge residents can expect a modest tax increase this year once the 2020 budget is passed.

Councillors met recently at Townhall to address the budget and approve it in principle.

Mayor Graydon Smith tells us it will likely be a 0.1 per cent increase over last year, which would reflect about $1.72 more in taxes per $300,000 worth of assessment.

Smith says the 2020 budget includes a slight increase in spending this year but that it's offset by assessment growth.

He adds that the Town has been planning ahead so items like Bracebridge's planned new Multi-Use Community Centre wouldn't require a huge tax increase to make it happen: (above audio)

The 2020 Budget is expected to meet final approval in a couple of weeks.

(Photo of Bracebridge Mayor Graydon Smith via Matt Sitler, Country 102)

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