News Flash Home
The original item was published from 5/6/2020 3:51:42 PM to 5/23/2020 12:00:01 AM.

News Flash

Latest News

Posted on: May 6, 2020

[ARCHIVED] City holds tax increase to 3.11 % despite expected loss of $1.8 million due to COVID-19

City of White Rock - logo

The City of White Rock has approved a Financial Plan Amendment to respond to the COVID-19 pandemic that includes a projected net loss of $1.8 million to be funded from City reserves.

City Council also approved the 2020 property tax rates that will be used to prepare the tax notices expected to go out later in May. The rates include a 3.11-per-cent increase, which is an approximate increase of $137 for an average residence.

The projected net loss of $1.8 million is the result of a decrease in revenues of $3.1 million. This is partially offset by a decrease of $1.3 million in expenses.


Deferral of the Property Tax Penalty Date

The approved tax rates bylaw includes a deferral of the penalty date for property taxes to Oct. 1, 2020. This deferral applies to all property classes.

This extension of the penalty date will give those who need it up to three months to pay their taxes without incurring a penalty. Property taxes are due on July 2.


Quote

Mayor Darryl Walker

“I want to thank City of White Rock financial staff for their hard work, and my colleagues on Council for the careful deliberation that went into reviewing and approving the City of White Rock’s budget for 2020.

The City has acted responsibly in making changes to stop the spread of the coronavirus. Although those changes, including a reduction in parking charges, have dramatically reduced revenues in 2020, the City is not increasing the tax rate to address the net loss.

Thank you to everyone in White Rock who is practising physical distancing and helping us to bend the curve of COVID-19. We are in this together and will get through this together.”

Facebook Twitter Email

Other News in Latest News

Thermometer at high temperature with beaming sun and blue sky

Stay cool during high temperatures

Posted on: July 5, 2024
Regular Council Meeting, July 15, 2024

Attend the Regular Council Meeting on Monday, July 15 at 4 p.m.

Posted on: July 12, 2024 | Last Modified on: July 12, 2024
Budget 2025 for the City of White Rock

Complete the 2025 Budget Survey

Posted on: June 20, 2024
sprinkler watering lawn

Stage 1 lawn watering restrictions are in effect

Posted on: May 10, 2024 | Last Modified on: July 12, 2024
Request-for-Service

Request for Service

Posted on: January 3, 2019