Sylvan Lake budget calls for tax hike

Sylvan Lake has passed its 2014 budget, which calls for a 2.69 per cent residential tax rate increase. Council voted in favour of a $29.3-million operating and $12.7-million capital budgets at its Monday meeting.

Sylvan Lake has passed its 2014 budget, which calls for a 2.69 per cent residential tax rate increase.

Council voted in favour of a $29.3-million operating and $12.7-million capital budgets at its Monday meeting.

The owner of a typical home assessed at $305,400 would see the municipal portion of their tax bill increase to $1,664.43 from $1,592.10 — in total, $72.30 more — based on a projected 2.69 per cent rate increase.

A recreational levy will increase by $12.40 to $73.30 from $60.90.

The numbers do not include school taxes, which are set by the province in the spring.

Among new initiatives is a $100,000 fund to investigate and undertake an environmentally sound project to rebuild the beach, which has been lost to rising water levels and wave action.

Also included in the budget is $500,000 to go towards upgrading 50th Street from Lakeshore Drive to 48th Avenue.

The goal is to realign the 50th Street and 50th Avenue intersection and upgrade 50th Street to the same standards as Lakeshore Drive.

Another $1.5 million will be contributed to the local curling club, which is fundraising to build a new rink.

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