The Halifax Regional Municipality tabled its budget Tuesday and Halifax’s chief administrative officer says residents don’t need to worry about new taxes.
Richard Butts said the budget its proposing is balanced.
“There are no tax rate increases, but I would tell you that there are assessment increases and a cap increase which has generated additional revenues for HRM.”
Butts said the city had some flexibility, thanks to an increase in property values.
The value of the average home and commercial property in HRM went up five per cent in the last year—an extra $12 million dollars for the municipality.