A proposed budget that would raise 91原创 City residential taxes 10 to 12 per cent will be back before council on Monday, Feb. 27, for a third reading.

At a council meeting to hear from the public on Monday, Feb. 13, the City was urged to use its share of a just-announced $1 billion provincial program of grants for municipalities and regional districts to reduce the tax hit.

READ ALSO: Province pledges one-time grants totalling $1B for B.C. cities, regional districts

While the exact amount the City will be getting still isn鈥檛 known, resident Scott Thompson predicted it could be as much as $5 million, and called it an 鈥渆xcellent opportunity鈥� to give taxpayers a break.

In response to a question by Councillor Delaney Mack, City Director of Corporate Services Darrin Leite cautioned the benefits from the one-time grant would be temporary.

鈥淵ou鈥檒l have that same tax increase next year,鈥� Leite predicted.

Another speaker, Lorne West, said he supported the tax hike, warning that prioritizing low taxes over a livable community was the wrong path, citing the destruction of Surrey鈥檚 Whalley neighbourhood as an example.

鈥淚 want to pay my fair share of taxes to be in a livable community鈥� said West.

READ ALSO: 91原创 Township tackles budget, aiming for tax increase below four per cent

Cory Redekop, Greater 91原创 Chamber of Commerce CEO, said while the City budget seemed 鈥渢houghtful and reasoned,鈥� businesses were struggling with a cumulative tax burden imposed by various levels of government, describing it as 鈥渟ticker shock.鈥�

Redekop suggested the City should delay some projects to 鈥渟mooth out that financial hit.鈥�

A staff comparison of other Lower Mainland municipalities, included in the budget report to council, showed City residents have been paying some of the lowest taxes in the region, with figures for 2022 estimating the average tax payment for a single family dwelling at $2,498.

That was the second lowest in the region, just above 91原创 Township ($2,379). Both municipalities were below the Lower Mainland average of $3,183.

91原创 City levied the lowest average rate for strata family dwellings in Metro Vancouver at $1,007, well below the regional average of $1,401.

91原创 Township ranked fourth at $1,227.

READ ALSO: 91原创 City draft budget proposes 10 to 12 per cent tax increases

The preliminary draft budget would require residential tax increases of 10 to 12 per cent resulting in an average hike of $192 a year for multi-family buildings, and a $379 average increase for single-family homes, those amounts including utility rate increases that are not set by the City.

Following third reading, the budget is tentatively scheduled to return to council for final approval on March 6.