Faced with challenges, especially related to infrastructure costs in the coming years, Port Hope council recently passed its 2024 budget with a 6.9 per cent increase.
Mayor Olena Hankivsky told CFWN the financial pinch Port Hope is feeling is similar to other municipalities across the province. She said it was imperative that council keep the increase as low as possible this year while recognizing projects need to be funded and it’s not possible to move forward with small increases.
The total municipal levy of $28 million translates to an estimated $305 increase to the property tax bill for the typical homeowner based on MPAC‘s assessed property value. The final budget documents are available on Port Hope’s municipal website.
