Cache Creek taxes going up 4%

Cache Creek planning a four per cent hike for local taxpayers.

Cache Creek Council gave the first three readings to Tax Rates Bylaw 777 at its Apr. 27 meeting. The rates anticipate a four per cent increase in residential taxes this year, and 2.3 per cent thereafter.

The bylaw needs one more reading to adopt this year’s $4,439,939 budget.

The five-year financial plan was presented at a town hall meeting on Apr. 14.

The Village is still anticipating over half a million dollars in revenue from the Landfill for the next two years; $850,000 in government grants; nearly half a million in user fees; $353,158 in property taxes; and assorted income from other areas.

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