The 2008 budget was approved by a 5-2 vote yesterday. Voting against the budget were Councillors Cochrane and Beardsell.
The claimed tax increase is 2.04% for the average house which is assessed at $418,676. This does NOT include the Fire Taxes for an average house as Vernon remains the only city that has a specified area tax for fire and calculates it separately. (Actually 2 fire specified areas - Landing and old city which have different rates.)
I have used the data provided and the table illustrates the effect of the fire tax on an average house assessed at $418,676 using the same improvements %age as was used last year.
Tax increase plus fire comes in at 3.64%
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