Cobourg Budget Should Raise Taxes By 1.9%
Cecilia Nasmith/Today’s Northumberland
A marathon series of meetings for Cobourg’s 2019 budget has resulted in a draft that increases the municipal tax levy by 1.9% after assessment growth.
Deputy Mayor Suzanne Seguin provided a summary of the process at this week’s council meeting.
Following department-by-department public meetings throughout February and presentations in support of Community Grant reports, an all-day committee-of-the-whole meeting took place last week to produce the final draft that will come to council April 8.
Seguin said that this year’s capital budget is projected to be $7,294,750, with a prospective operating budget of $24,060,529.
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