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Vermilion property tax increases to offset revenue shortfall

Residents in the town of Vermilion face a property tax increase as the municipal leadership put forward the 2022 budget.

Officials say a revenue shortfall will be made up by a $115,861 increase in municipal property taxes. They give a breakdown as follows, for every:

  • $2000 property tax will see a $44 change
  • $3000 property tax         –        $66
  • $4000 property tax         –         $88

Vermilion officials note the goal of their budgetary proposal is to maintain priority services and support financial stability while streamlining efficiencies.

They say an increase in RCMP costs will account for 50 per cent of the property tax revenue increase.

The 2022 Vermilion budget has an operating surplus of $10,371, excluding amortization with capital spending of $2,070,000.

Gerry Lampow
Gerry Lampow
Gerry has lived in Lloydminster since winter 2010. That detail is important as coming from the Caribbean he did not see green grass until May. Now an Alberta/Western Canada resident, you would be hard-pressed to find a stronger proponent of Lloydminster than the news guy that appreciates a healthy dose of rock music and dress code leather. His mantra is focus on one thing and do it well.
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