City Council will give first reading to the 2020 budget and five-year financial plan today.
Currently, the draft financial plan calls for a 5.2% tax increase across all sectors.
For homeowners, that means just over a hundred dollar a year increase on an average single familty residence, which increased in value by 8% from $291,000 to $315,000 last year.
While Campbell River residents are looking at a 2.9% tax increase, it’s 5% in Nanaimo, and 7% in Vancouver.
Council will have three more chances to analyse the financial plan before passing it in late-March or early April.
Today’s council meeting starts at 2 pm.
