London City Council has signed off on the 2017 budget.
Council gave it’s approval during Tuesday’s meeting after keeping the proposed hike at 2.8 per cent. That figure was set in multi-year budget talks last year.
The increase works out to an extra $76 for the average London homeowner. If you include water and sewer rate increases, the total is an extra $101 for the year.
The budget approval means the plan to allow kids 12 and under to ride the LTC for free will go ahead. That’s expected to begin in the new year.
Council also gave final approval for extra funding to the tune of $300,000 for the Community Economic Road Map to support volunteers who will work to spur job creation in the city, a vote that narrowly passed 7-6.
Next year’s tax hike is also projected to be 2.8 per cent. Even though council set the budget projection, provincial law only allows one budget to be passed at a time, meaning the multi-year document will have to be reviewed every winter.