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Point Edward budget features 2.3% tax increase

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Journal Staff

Point Edward council has approved a 2022 budget that contains a 2.38% tax rate increase.

Village residents will pay $1,001 in municipal property taxes on each $150,000 worth of home assessment this year, an increase of $23 annually.

The operating budget totals $4.7 million while just over $2 million is targetted for capital projects.

The final tax bill is comprised of the municipal portion, the Lambton County levy, and education taxes.

Village council has made an effort in recent years to fund reserves and reduce its reliance on Starlight Casino revenue.

“While things have stabilized and operations are recovering, we still need to be prepared to pivot quickly and deal with a number of possible outcomes,” said Mayor Bev Hand.

Point Edward’s final tax bills will be mailed out in early June and are due July 4 and Oct. 3.

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