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l 4 - WATERLUO CHRONICLE - wit-guy. lkcernbel 12. 20:2 ] 'r x “ ' _ __ ' o . t .. .. n . Clty approves 1.55% tax increase i ' g ' I. a}: I ’ ‘3’ f . W BYIAMIBIACISDN Karen Scian. chair of the The recalculation of the l g ‘ . . . r in , , M w Chronicle Slag finance committee. adding MP1 inSeptember resulted in ‘ ' y ‘ H ‘ ' ' \ ' ‘ " L ' ’ ’ the goal of the three-year a 0.71 per cent reduction in i u ' l ' g ' ‘ omeowners in budget process is partially to the property tax levy equal to ~ 1 . \ 9 - Waterloo will have a ensure increases do not out- almost $410,000. , . ' ‘" .. . ' . little less money in_ pace inflation. To make up the decrease i i Q31. h I it 0 L is I r i l i ’ I i '1' I“ Q their pockets in 2013 after The tax increase includes in 2013, the city will reduce l ,. "11" , . \ " ‘ g " g " 4 . # ‘7 _ " ‘ , council approved a 1.55 per a5.81percentjumpinwater the levy provided to the \ ' ‘ “a; ' '1' v i. ‘5} l.“ '- “ ‘ “I? ,' “5‘ I , ‘ l ‘ ' cent tax increase Monday and sanitary sewer fees, Waterloo Public Library by -‘ . u 2“ . . , i" . 3% -’ l night, adding $18.29 to the which are set to rise to $3.46 about $36,000 and has . ct ; is a 1. ‘ '. average tax bill. per cubic metre in 2013, up already reduced its projected . ‘w- ’ ‘ “‘ ‘ “Wait... .1 ”any; . M r g a v ' V a" ;_ ’ \ The increase, which from $3.27 in 2012, adding labour costs by more than ' a” i - 'W" a ,A 1'“ V . ' ‘ ' ‘ ' ' . ,. 1: includes a storm water fee about $48.60 to the average $373,000thanksto its recent- ‘, “jun - -~ ' ‘ aj - - ‘ * yard ~ good . . you hike or more than five per bill nextyear. iy-miised labourdeals . . r‘ . . . 1 . _ . p. . 1.“ fl . , ‘ fl” .. - ‘ ‘ cent, is lower than the 2.26 Stafitndicated the 2013 Chief financial officer as ’ ‘i '* f5 ,. , .3, ~ ~» i ”- .1; 2 “£9 '-" “.19., v; ‘ ‘ “.1? , ‘ it" per cent increase presented increaseisnecessary to oifset Keshwer Patel made a point " 4 *4 at the beginningofthe three- a projected increase in of mung the city’s cur- ‘ MESS mm A“ ”DING IN year budget process in 2011 regional rates as well as fund rent $256-million infrastruc- ." ’. NE FOLLOWING | MS MESSAGE: due to revisions to the various projects the city is turedeficit, sayingeveryyear W ‘ I mmicipal pricing index ear- undertaking to enhance the city experiences upwards x t ' â€"â€"â€"-â€"-â€"-â€"-â€"â€"â€"â€" lier this year. water quality and improved of $27.7 million in infrastruc- \ 2. Taxes increased 2.16 per sanitary sewer services. ture depreciation based on centin2012. As part of the budget the replacement costs of / 3- __.______â€"________ 0f the approved 3156- process. staff were directed assets. By comparison, the L ‘ million operating budget for to identify possible expense city contributes about $17- \ ' â€"â€"-â€"â€"â€"â€"â€"â€"â€"â€"â€"â€"-â€"â€"â€" 2013, 38 per cent is funded reductions to their budgets million to capital projects \ 5. through property taxes. ahead of2013. in response to the short- ‘ ' ' ' ' "'_' ' ' "'â€" ' ' " ' ""'" Councillors also passed the The result was more than fall. staff will develop an NM!______________â€" 2013-2022 capital budget $80,000 cut from protective asset management plan to PHONE 9' forecast of $372 million. services, 55,600 from the more accurately understand . 'â€"â€"_â€"â€"â€"â€"-â€"-â€"-â€" A cost-ofâ€"living increase environmental and parks the replacement needs the for managers worth 1.5 per services budget and $43,500 city faces. Halloran com- WO’I m 2 my m a. m m Cid W "'10 _ cent was also approved by from information services mented on the difficulty of correctly completed odds. Fox. «top all or mol your entries to. council} equal to the mm next year. hitting the moving target that ~ “my “,5... ' receivedbythe222members “This wasn't easy for isthe infrastructure deficit. mun-ilk of the city's staff association those departments." said “The minute a road is WATERLOO C ONICLE earlier this year. “Council has Mayor Brenda Halloran. done, it depreciates and is 279 m M N. 5.1.. n W ON "2" 3H8 the responsibility to balance “Our costs are going down in part of the infrastructure FAX" “94.3.93” the long-term needs of the these departments and l deficit.” she said. “it’s a mov- ' community with fiscal thank you so much for find- ing target and there's no way ContestclosesonwwaybeonatllammwlbenoiMedbyphone. ... ,. . . .. 'iurkeys as evaded as a $25 9" cad from Bob‘s Vail-Mat. responsibility. said Coun. ing reductions for us to get ahead ofthe curve. , i w and FELLJSF‘ClS. a Our gm to you this season! in Vlbll as (Mi-line to denign and enter to Win . ' your own [JIULC of mmnond jewellery Show iii-mall and ytm amid (more whopping rewards and 9"" wards truth rm: holiday fairies “ffl On~l:m2 contest a rev/nu: lliflilll'i w conestogamdll cum “Hm“ Comm