The 2025 fund was confirmed pursuing a peculiar assembly gathering successful Guelph, Ont.
Several items connected the docket were discussed and amended earlier receiving last support by Mayor Cam Guthrie.
“I hold that the fund represents unthinkable worth for Guelph residents arsenic a full — and it is surely overmuch little than the 7.4% summation primitively projected for City services successful the multi-year budget,” Guthrie said in a statement connected Wednesday.
The fund has a taxation levy interaction of 3.66 per cent. This means that for the mean homeowner successful the Royal City, determination volition beryllium a spot taxation summation of $174 much per year.
Get regular National news
Get the day's apical news, political, economic, and existent affairs headlines, delivered to your inbox erstwhile a day.
Guthrie added determination volition beryllium much expanded work and enactment successful transit adjacent year, positive housing, sustainability and more.
Several of the cardinal themes successful the metropolis services information of the fund included affordable lodging and enactment for homelessness, lodging development, clime alteration enactment and assemblage investment.
Story continues beneath advertisement
In addition, inferior rates volition besides spot a $5 leap for the mean home.
Trending Now
4:43
Impact of GST Tax Break, Canada Post onslaught connected concern owners
© 2024 Global News, a part of Corus Entertainment Inc.