Keremeos residents can look forward to a modest change to their tax bills in the new year.
The preliminary budget for 2021 was presented to council for review on Dec. 6.
Village staff presented in the draft plans to raise the tax rate in 2021 by 0.4 per cent to match the increase in the Consumer Price Index.
2020 also raised the tax rate from 2019 to match the CPI, increasing by 2.5 per cent for that budget.
The tax rate increase would provide the village with an additional $12,331 in revenue for the year.
Separately from the tax increase, the village will likely be increasing the fee for garbage collection by $10 a year from $115 to $125 on the recommendation of the Regional District of the Okanagan Similkameen.
The tax increase, combined with government grants and revenue from new construction, would provide a total estimated revenue of $1,804,149 for 2021. The 2020 budget had a total revenue of $1,810,295.
The village’s revenue is balanced against the village’s expenses.
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