BONNYVILLE - MD of Bonnyville residents can expect a slight property tax increase in 2024, which according to the municipality will equate to about $31.70 on an average residential tax bill.
MD of Bonnyville council approved its 2024 Operating Budget and 2024 Capital Plan on Dec. 12. Property owners will likely see a 2.21 per cent increase in the municipal portion of their tax bill.
The 2024 tax rate will be passed in May, after the municipality has received the annual requisitions for school taxes, Lakeland Lodge and Housing, and the Greater North Foundation lodging.
“In a year where we’ve seen inflation for goods and services range anywhere from five to eight per cent, we are considering this a modest increase to continue offering our ratepayers the high-level of service they have come to expect,” said MD of Bonnyville Reeve Barry Kalinski.
Following four days of deliberation in November, the 2024 Operating Budget is set at just over $56.8 million, with the Capital Budget coming in at just over $16.3 million.
Big projects planned for 2024 include the Cherry Grove Fire Hall at $5.5 million, and road projects totalling $4.45 million.
More to come...
