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Four days of budget discussions have concluded in Prince Edward County.
Councillors and staff set the 2021 budget on Thursday afternoon at Highline Hall in Wellington that will see an increase of approximately $18 per $100,000 assessment. On a home assessed at $300,000, a home owner will pay an estimated $2,745 per year or $228.76 per month.
The municipal operating budget incorporates a 3.17% tax increase or 1.47% after assessment growth.
The municipality will raise $41.5 million in property taxes to fund the portion of the operating budget not covered by other revenue sources such as grants and fees.
The 2020 net operating budget is $1.28 million more than 2020 (3.17% increase).
Council also passed the rate supported operating budget for water and wastewater services of $8.8 million and the rate supported capital budget of $6.5 million.