With the discussion on how to spend this year's budget wrapped up, city council is turning its attention to where the tax dollars are coming from.
Tonight, council - sitting as committee of the whole - will try to nail down this year's property tax rate structure. The city needs to collect about $89.9 million in tax revenue.
As was presented to council's finance and audit committee in February, staff have prepared three options for 2015 property tax increases, with a minimum residential increase of 2.5 per cent proposed.
That would charge the representative home (estimated to be $230,216 in 2015) a total municipal tax of $1,825 - an increase of 2.5 percent over the $1,780 paid by the $223,403 representative home in 2014.
All budget decisions, including the property tax rate structure, must be finalized by May 15.
The committee of the whole meets at 6 p.m. in city hall's second-floor conference room.
