To accommodate both inflation and the Town of Stony Plain’s growth property taxes are going up but not by as much as originally expected. Residential Ratepayers on average will notice a 3.02% increase on their 2015 municipal tax bill. That’s down 4.17% from the original projection. Commercial Ratepayers on average will notice a 5.31% increase on their 2015 municipal tax bill, down 1.88% from the original projection. When Council passed the 2015 budget in December of 2014 it was projected the tax increase needed to be 7.19% but after the Spring Budget Adjustment Council took a second look at the increase on April 13th and have settled on a residential increase of 3.02% and a commercial increase of 5.31% as opposed to 7.19%. With the School Foundation and Meridian Foundation requisitions factored in the overall residential increase on average will be 2.62% and the overall commercial increase on average will be 3.33%.

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