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B COUNCIL HALTON REGION BUDGET FOR 2019 PROJECTS PROPERTY TAX HIKE OF 1.9 PER CENT REGIONAL COUNCIL WILL BE HOLDING A SECOND MEETING ON JAN. 9. PRIOR TO APPROVING THE BUDGET ON JAN. 16. VERONICA APPIA " vappia@metroland.com Halton residents can ex- - pect a 1.9 per cent property tax hike as the region pre- pares to adopt a tax-sup- ported budget of $421.3 mil- lion early in the new year, Mark Scinocca, Commis- sioner of Finance and Re- gional Treasurer, told council on Dec. 19. Scinocca addressed the highlights of the 2019 bud- get package and business plan for 2019, circulated to couneillors last week, em- phasizing that the region is within its goal to keep the tax rate increase at or be low the rate of inflation. "Regional Council is committed to support the planned growth while maintaining the objective to protect Halton tax and rate payers from the im- pacts of the growth," he Said. The property tax impact portion of the budget takes into account both regional and police services, pro- jecting a 1.9 per 'cent in- crease of $291 per $100,000 CVA (Current Value As- sessment). This is based on a projected - assessment growth of 1.5 per cent, which is below the more re- cent assessment growth percentage' subsequently provided by the Municipal Property Assessment Cor- poration (MPAC), of 1.95 per cent. Assessment growth re- fers to the increase in prop- erty value in the region, as a result of changes that oc- MILTON LIGHTING cur over the course of a year, "It's higher than what's in the budget, which is an additional $1.8 million," Scinocca said, adding that the 'recommendation will be to transfer that extra portion to the region's tax stabilization reserve. The requested tax-sup- ported budget for both re- gional and police services combined is a total of $421.3 million net. The budget is projected to have gross expenditures of $547.6 million, but after factoring in subsidies and revenues, it is estimated to be reduced to $265.9 mil- lion. The region's projected revenue for 2019 is broken down 'into six sources: property taxes (49 per cent), provincial subsidies (33 per cent), investment - income (nine per cent), See SIX, page 4 Residential & Commercial Lighting Fixtures FL110 17.75°W x 63,5"H $198 compare at $425 - FL112 $198 compare at $425 TL112 14.75'W x 25.5°H $94 t COTA compare al $2/ FL113 17.75 W x 63.5'H $198 compare at $425 GORRUD'S AUTO PROUDLY SERVING MILTON SINCE 1960 WE WANT YOUR VEHICLE EVEN IF YOU DON'T WANT ONE OF OURS For over 60 years Gorrud's has prided itself on delivering quality vehicles to our customers. Many of these vehicles are purchased from local residents who maintain their vehicles to the very high standard Gorrud's was butit on. If your vehicle is in nice Rete: and you ay its service history, we want it and are prepared to pay a premium for it whether you buy a vehicle from us or not. See us today or visit us online for a written, guaranteed appraisal. COW UONRLEY DY ues ARpSIM IequIeda BLOC LZ #0 J Ag | & &F 9 lf 3= Mitton District 18 i : AS INDUSTRY LEADING | ¢f on 8, i} evar oieyies Wx 24.25°H fdr A LOYALTY PROGRAM | X sanseacrion # GORRUD'S AUTO 18 A PROUD BW x 25.2571] Saws | ®_ AWARD @ SUPPORTER OF THE MILTON - To MyAutoRewards.ca * AF DISTRICT HOSPITAL FOUNDATION $94 S---- DealerRater & COMMUNITY HEALTHCARE compare at : WWW.GORRUDS.COM 295 main Street E. Unit 6, Milton (behind Troy's Diner) 905-878-7111 « www.miltonlighting.com woo uojjeyapisul