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No tax break from $31 million budget surplus

It seems council is still feeling the heat from approving an 8.7 per cent tax increase earlier this year.

Van meerbergenCorrine rahmanPaul van meerbergenJosh morganCapital infrastructure gap reserve fundCommunity investment reserve fundMayor josh morgan

Why a major budget surplus won t be used to lower taxes in London, Ont - London

A push to use surplus funding to lower next year's property tax increase by 0.4 per cent was shot down by full council at London City Hall on Tuesday.

City of londonCity ofUnited kingdomJerry pribilDavid ferreiraAnna lisa barbonJosh morganShawn lewisPaul van meerbergenCorrine rahmanElizabeth pelozaLondon public libraryCapital infrastructure gap reserve fundCommunity investment reserve fundWaterworks reserve fundMunicipal property assessment corporation

London generates $31-million dollar surplus in 2023 municipal budget

Just weeks after wrapping up difficult multi-year budget deliberations, council is receiving an financial update about how a financial windfall left over from 2023 will be redistributed.

Paul chisholmCommunity investment reserve fundCity services development charges reserve fundsDevelopment charges dcsCapital infrastructure gap reserve fundCorporate services committeeLondon middlesex community housingGreen binWater budgetDeputy city managerFinance supportsDeficit policyDevelopment chargesProperty tax operating budget contingency reserveWater budget contingency reserveWastewater budget contingency

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