The 2020 budget has been given a seal of approval by city council, and the final tally is not far off from what was originally recommended just over a month ago.
The budget requires a 2.03 per cent increase on Oshawa’s portion of a resident or property owner’s tax bill, which represents an increase of approximately $42.65 in the total tax bill of a property assessed at $356,000.
After crunching the numbers, staff had originally came to council with a suggestion of a 2.16 per cent increase, which would have meant an average increase of about $45.38 on the average tax bill.
The Oshawa Express will take a more in-depth look at the finalized budget in next week’s edition.
The budget was originally set to receive approval on Dec. 13, but was finalized a week early.
The Region of Durham and school board share of property taxes are still to be set.