Halifax first 2024-25 budget meeting looks at 9.7% property tax increase
Halifax councillors debated the proposed 9.7 per cent tax hike this week at the first budget meeting for the 2024-25 fiscal season.
The property tax increase would make up for a revenue shortfall of $68.7 million.
At Tuesday’s meeting, HRM councillors debated the motion put forward by city staff to raise property taxes by 9.7 per cent. The increase would mean the average homeowners would pay around $223 more on their annual bill.
Mayor Mike Savage suggested the province should step in and help the municipality in order to lessen the amount coming from homeowners.
With more people coming to the province and due to inflation the province is receiving more income tax, the mayor said.
“No one wants nearly 10 per cent,” Coun. Sam Austin said, but said the city has its hands tied with making alternative cuts.
The next budget meeting is on Dec. 12.