City staff proposing lower tax hike for 2020
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Kelowna council will discuss a plan to reduce its proposed tax hike at its next meeting on Monday.
Staff is recommending a reduction from the provisional budget’s 4.15 per cent increase, to 2.05 per cent to provide residents with financial relief on top of measures already approved.
To reduce spending, staff is proposing cuts to base budgets, the elimination or delay of new positions and programs and the deferral of some capital projects.
“To help provide support for residents and businesses experiencing financial difficulty, the city has already delayed the late penalty fee for property taxes, waived several charges and fees, supported free transit and provided free parking in some areas,” stated a city news release. “The province has also provided additional help to businesses by reducing the school property tax rate and deferring the late penalty tax date for commercial businesses.”
