2009-05-20
07:22:30
There will be a modest tax increase for homeowners in Fort Frances.
After several month of discussion, town councillors finalized the budget yesterday which includes a one-point-one per hike in residential rates.
Treasurer Laurie Witherspoon says slightly higher tax ratios for the industrial sector helped minimize the impact on homeowners.
"We allocated our ratios across," says Witherspoon. "It shifted a small amount to residential, but we also raised our tax ratio for large industrial so we wouldn't have a large impact on residential, multi-residential and commercial."
Witherspoon says being able to present what she calls a bare-bones budget also helped keep rate down.
The town proposes to spend about $9.9 million in its operating budget
Of the $15 million dollars in capital expenditures, just over a million dollars will be funded through long term debt over a 10-year period.
The public will have an opportunity to comment on the public during council's meeting on June 8.
