‘We understand people are hurting’: Hamilton City Council approves 2021 tax increase
Published December 21, 2020 at 12:37 pm
Council has approved the City of Hamilton’s 2021 Tax Supported Capital Budget.
Ultimately, residents are looking at a 0.4 per cent property tax increase, amounting to approximately $13 per year on average.
“We understand that people are hurting. That’s why we are holding the line on taxes as much as possible while at the same time maximizing the key capital investments in things like roads, bridges, sidewalks, transit and affordable housing which will create jobs and drive our prosperity forward,” said Mayor Fred Eisenberger.
“We are supporting our economy and enhancing employment opportunities while maintaining our infrastructure to the best degree possible. Now more than ever we need to protect our most vulnerable people.”
2021 Tax Supported Capital Budget Highlights
$484.4M gross capital spending includes:
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- $192.9M Transit initiatives
- $114.2M towards Roads, Bridges, Traffic, Sidewalks
- $39.7M towards Corporate, Long-Term Care and Recreation facilities
- $30.3M towards Housing Initiatives
- $20.6M towards Parks, Forestry and Open Space
- $13.9M towards Planning, Economic Development, Tourism and Culture
- $13.7M towards Outside Boards and Agencies
- $13.3M towards Fire and Paramedic Services
- $10.6M towards Central Fleet Vehicle and Equipment Replacement
- $9.0M towards West Harbour Strategic initiatives
- $8.0M towards Development Charge Exemptions
- $7.6M towards Information Technology
- $6.5M towards Waste Management initiatives
- $4.1M towards Other