WELLINGTON COUNTY – After a 3.8 per cent tax increase in 2023, residents in Wellington County might be looking at a higher spike this year.
A preliminary ten-year county plan would see a 5.3 per cent jump.
A report to be presented at a meeting tomorrow states the post-pandemic recovery has brought upon many new economic challenges including “geo-political tensions” and record levels of immigration.
The result of all these factors is a rampant increase in inflation, the report says – including labour, construction costs, service contracts and insurance rates.
The report also says demands on public services are increasing and the county’s population is growing, and that there has been a significant drop in housing affordability, an increase in homelessness, and more demands on health care that comes with a growing and aging population.
The ten-year plan will first need to be endorsed by the administration, finance, and human resources committee at the meeting tomorrow afternoon.
It will then come before county council later in the month.
