Aurora council approves 3.91% tax increase for 2015
May 28, 2015
By Teresa Latchford
As reported last week, Aurora town council voted in favor of the increase, all except Councillor Wendy Gaertner who felt the increase was too much for residents, especially those on a fixed income, to swallow.
Translated into dollars, the increase will mean an additional $68 for the average home assessed at $500,000. When combined with the tax increase passed at York Region and the school board, the rate increase will nearly double to $130.
The increase can be broken down so residents can understand what’s behind the increase, according to Aurora Finance Director Dan Elliott explained.
The 3.91 per cent includes a 1.82 per cent increase just to run the town, 1.3 per cent to expand fire services and the remaining increase will be put toward fiscal strategies that will help the town make up for past underfunding of infrastructure.
For more information, visit aurora.ca.