2019 Budget Finalized
After three nights of deliberation, Kingston City Council has finalized the 2019 budget.
Council has decided on a 2019 tax-supported operating budget of $388.6 million, and a capital budget of $51.8 million. They also accepted a utility-related operating budget of $61 million for 2019 and $62.3 million for 2020, including multi-year utility rate increases and a four-year capital budget of $153.6 million.
Homeowners will be looking at a 2.5 per cent property tax rate increase, one per cent of which is earmarked for capital infrastructure.
"The approved budget ensures that resources are available to continue to deliver the quality day to day services that residents demand. It also incorporates a dedicated one per cent increase for capital infrastructure investment to help maintain the City's infrastructure," says Desiree Kennedy, chief financial officer and City treasurer.
Budget bylaws will go to council for final approval on February 19.