‘Group consensus’: Victoria approves 7.28% tax hike with 3 members opposed

‘Group consensus’: Victoria approves 7.28% tax hike with 3 members opposed

After months of trimming, tightening and occasionally arguing, Victoria council approved its budget Thursday (May 7) with an overall tax increase of 7.28 per cent. Using the city tax rate, the increase is distributed at 9.34 per cent to residential properties and 4.78 per cent to business properties. It equals to a property tax increase of $323 for an average residential property assessed at $1,015,000 and $427 for a typical business property as…