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Parry Sound council approves 3.7% tax hike

Parry Sound residents will see their taxes jump 3.7 per cent this year.

Council approved the tax hike, and the draft 2024 budget that goes with it, at special meeting on April 9.

Mayor Jamie McGarvey said that given the current state of the economy, council and staff did an exceptional job.

“Given the budget implications that I have heard in other areas, I think we have done extremely well,” he said. “Costs have gone up considerably in a number of areas. I have to commend staff for their really hard look…at this budget so that we are running a lean budget, to make sure work gets done, but nothing that hopefully hits the taxpayer too hard.”

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Half of the increase (1.8 per cent) will fund the replacement of aging infrastructure, while the other half (1.9 per cent) will cover increased operational costs.

A $7.3 million capital budget includes the replacement of underground infrastructure on Glen and Victoria avenues, rehabilitation of the Seguin Street and Waubauno bridges, and replacement playground equipment at William Street, Booth Street and Cherry Street parks.

The full 2024 budget can be viewed at parrysound.ca.

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