People who live in Winnipeg’s largest school division will likely be paying more in school taxes this year.
Trustees for the Winnipeg School Division (WSD) have tabled a draft budget calling for a hike in the education property tax levy of 1.9 per cent.
That translates into $19 more in property taxes on most homes. That number is based on the recent property tax reassessment in which the average assessed value on a home increased by 74 per cent, according to the WSD.
The draft budget of $331.1 million will sustain existing programs but does not include funding for new ones.
If that is needed, the money will be found through a reallocation within the budget, Kristine Barr, chair of the board of trustees’ finance and personnel committee stated in a press release issued Thursday.
“We are mindful of the current challenges in the economy and the importance of preparing our students for the future,” Barr stated, noting this is the third consecutive year the division’s tax levy increase will be below two per cent.
“Despite increasing cost pressures in all categories of expenditures from water and heating costs to salaries and benefits, the overall increase in expenditures in the budget has been kept at 2.5 per cent,” she stated.
The board will consult with stakeholders on the draft budget throughout February before making a final decision.
That includes a public forum Feb. 22 at 7 p.m. at the board office on Wall Street.
Established in 1871, the WSD is the largest of six public school divisions in the city. It includes 77 schools and more than 33,000 students.
http://www.cbc.ca/news/canada/manitoba/story/2010/02/04/mb-school-taxes-increase-winnipeg.html
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