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District of Squamish officially adopts 2021 budget

Tax revenue will increase by 6.5%, which may be offset by growth.
The District of Squamish is raising overall tax revenue by 6.5% in 2021.

It's official — the budget for 2021 is set.

On March 2, council voted unanimously in favour of adopting this year's budget, making their decision regarding the town's finances for this year final.

The municipality will increase overall property taxes by $1.95 million, or 6.5%.

However, population growth may offset this bump by $1.2 million. This may cut down the uptick to about $749,000, or 2.5%.

This year's budget is more of a return to normal.

Last year, the District slashed its financial plan to more or less flatline tax increases in 2020 to provide relief during the pandemic.

The overall tax increase does not represent the individual rates that people will receive. That has yet to be determined by council, as they divvy up how much each sector — residential, commercial and industrial — will pay toward the bill.