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Woodstock Approves 2023 Revenue Fund Budget and Tax Rate Increase

Friday, 17 March 2023 at 05:58

By Marcie Culbert X @marcieculbert

Woodstock City Council has approved a tax rate increase of 4.32 percent, so the average homeowner will see about a $145 increase on the city's portion of their property taxes this year.

WOODSTOCK - Woodstock City Council has approved its Revenue Fund Budget for 2023 along with a tax rate increase of 4.32 percent.

This means the average homeowner in the Friendly City will see about a $145 increase on the city's portion of their property taxes this year.

Some of the big highlights in the budget include the addition of 10 new officers for the Woodstock Police Service and four new firefighters for the Woodstock Fire Department. The city is also increasing its annual contribution to the asphalt resurfacing program and it's also going to introduce a new Mayor's Task Force.

Mayor Jerry Acchione says there was a lot to consider during the budget discussions.

“Budget deliberations are always challenging as we try to strike a balance between keeping increases low and ensuring there is enough funding to support the level of programs and services our community expects. This year, financial pressures are even greater for many families and Council and staff worked together to come up with a financial plan that was responsible and reasonable.”

You can find more details regarding the 2023 Revenue Fund Budget online here.

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