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Surrey council passes budget that includes 7% tax increase

The 2024 operating and capital budget passed by a vote of 5-4

CBC NewsJoel Ballard

Surrey city council passed its 2024 operating and capital budget Monday night, which includes a seven per cent tax hike for residents.

The increased tax has been broken down as a six per cent general property tax increase and a one per cent roads and traffic tax. Together, they're expected to cost the average single-family household around an extra $177.

It follows a 12.5 per cent property tax hike in 2023.

The city says the general property tax will help cover general inflationary pressures and c…

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Read the full story on the CBC website

Surrey council passes budget that includes 7% tax increase

SOURCE www.cbc.ca

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https://surrey.lokol.me/s/surrey-council-passes-budget-that-includes-7-tax-increase-83489-9440386
CBC NewsJoel Ballard, Posted: Apr 23, 2024 11:01 AM EDT | Last Updated: 8 minutes ago
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