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Burnaby proposes 3.98 per cent tax increase
Burnaby city hall is proposing a 3.98 per cent property tax increase in its 2012 provisional budget.
The provisional financial plan, which was approved by city council Monday, outlines the city's financial direction for the next five years. It also serves as the basis for public consultation leading up the adoption of the city's financial plan, which is required to take place by May 15.
According to a report from the finance and civic development committee, the proposed tax hike is required to pay for wage increases for civic workers as outlined in their collective agreement, operational and inflationary increases and new services.
"The 2012 budget focuses on provisions for safety and security, maintaining and improving existing infrastructure for roads and various community facilities, and investment in new technology to better service citizens," the report said.