The Wetaskiwn Council has approved a little over $44 million dollars as the operating buget for the city in 2024.Qiam Noori, Local Journalism Initiative Reporter

The City of Wetaskiwin has estimated that the tax rate for 2024 expected to increase by 5.5 per cent for the city. 

The budget for this year required an increase in tax requirements of a little over $1 million, which is expected to increase the tax rate, based on a report presented by the city’s chief financial officer, Tolulope Maraiyesa. 

In the meantime, Wetaskiwin Council has approved $44,102,090 operating budget, and a little over $6 million capital budget for 2024 with majority votes. 

The Jan. 22 report has also indicated that the administration has informed Council at the regular council meeting on Sept. 25, 2023, that the base budget for 2024 required an increase of $664,790 or 3.6 per cent to maintain current service levels. 

Based on the report, for the average Wetaskiwin home with an assessment value of $228,839 in 2023, the annual tax bill is expected to increase by $133.44 per year or $11.12 a month. 

This does not account for changes in tax requisition for school boards and senior lodges. 

By Qiam Noori, Local Journalism Initiative Reporter

Original Published on Jan 25, 2024 at 11:38

This item reprinted with permission from   Ponoka News   Ponoka News, Alberta

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