Journal Staff
Point Edward council has approved a 2021 budget containing a 1.99% tax increase.
Village residents will pay $978 in municipal property taxes on each $150,000 worth of home assessment this year, an increase of $19 annually.
The final tax bill is comprised of the municipal portion, the Lambton County portion that is up 1.75%, and education taxes that are yet to be determined.
Capital spending was reduced due to uncertain revenue expected from the Starlight Casino, which remains closed to patrons, the village said.
The pandemic, now in its second year, complicates budget estimates, said Mayor Bev Hand.
“It is difficult to determine when operations throughout the Village, both public and private, will return to normal."
Point Edward’s final tax bills will be mailed out in early June and be due July 2 and Oct. 1.