Cobourg budget should raise taxes by 1.9%

By Cecilia Nasmith

A marathon series of meetings for Cobourg's 2019 budget has resulted in a draft that increases the municipal tax levy by 1.9% after assessment growth.

Deputy Mayor Suzanne Seguin provided a summary of the process at this week's council meeting.

Following department-by-department public meetings throughout February and presentations in support of Community Grant reports, an all-day committee-of-the-whole meeting took place last week to produce the final draft that will come to council April 8.

Seguin said that this year's capital budget is projected to be $7,294,750, with a prospective operating budget of $24,060,529.