Comox Town Council have officially adopted their five-year financial plan.
At the May 14 special council meeting, town council adopted the Five-Year Financial Plan Bylaw 2025 and the Tax Rates Bylaw.
Comox Mayor Nicole Minions said they’re still looking for opportunities to reduce costs to taxpayers amidst uncertain economic conditions.
“We have and will continue to advocate for increased funding from senior levels of government to offset the costs to our taxpayers on improvements to infrastructure, facilities, and other services.”
The budget brings an increase to the general municipal levy of $145.58 for a home valued at approximately $830,000.
The council also approved the Infrastructure Renewal Fund increase of $51.79 to address the gap between available funding and the amount needed to maintain infrastructure.
45 per cent of tax dollars stays with the town to provide municipal programs and services, with the rest allocated to service partners like the CVRD, schools, and the hospital.
