New rec levy, but no tax increase for Coaldale homeowners
COALDALE – No tax increase for Coaldale homeowners, but they could be paying more to support a new multi-use recreational facility in the coming years.
The three-year operating and capital budgets were passed at the Monday, Nov. 26 town council meetings. They include no increase for the municipal portion of residential property tax for 2019 and 2020 – but non-residential property owners will see a four per cent hike in 2019, to be reviewed in the following years.
On the capital side, the flagship proposal is a multi-use facility with a track and indoor soccer field, to be developed together with a new high school. The town is contributing 20 acres of land, and up to $15 million in resources. This money would come from a $10/month recreational levy on each residential property.
Mayor Kim Craig said this appeared to be a more equitable way of raising the money than a mill rate increase, which would need to be nearly 4 ½ per cent to raise the same amount. He said it would take effect in June – depending on if the high school is approved.