It would mean a $9,096,428 increase in tax revenues over 2024
Prince George city administration’s current proposed operating budget for 2025 would mean a 6.55 per cent property tax increase, according to a report tabled at a Wednesday, Dec. 4 meeting of the Standing Committee on Finance and Audit.
This would represent a $9,096,428 increase in tax revenues from what was collected in 2024. Collected taxes represents about 80 per cent of Prince George’s annual revenues, with fees and charges for services making up about another 10 per cent. The proposed operating budget includes approximately $6.7 million more in general operating expenses, approximately $1.4 million more for the general infrastructure reinvestment fund, $700,000 more for snow control funding and $300,000 more in road rehabilitation funding.
One challenge with staffing for those positions is that the individuals are required to receive security clearance through a process that takes up to 18 months to complete.
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