Lake Cowichan taxes rise 3%

Lake Cowichan is looking at a three per cent increase in municipal taxes, Mayor Ross Forrest announced at the council meeting April 22.

"Capital expenditures this year will include completion of the South Shore Road streetscape, the Town Square project, preliminary work on the town hall and council chamber upgrades."

They will also include purchases of a new garbage truck and a new rescue truck and a pickup truck for the Lake Cowichan fire department.

There will also be some paving and new signage that will include an anti-graffiti coating, according to Forrest.

General residential tax rates in Lake Cowichan are pegged at $4.24 per $1,000 of assessed value, with an additional 25 cents per thousands going to general debt, 28 cents to the Vancouver Island Regional Library, $2.33 to the CVRD and 51 cents to Cowichan District Hospital.

Recreational land is taxed at a similar rate. However, in Lake Cowichan, heavy industrial will pay $75.76 per $1,000; utility use will pay $23.71; managed forest will pay $15.91; light industrial will pay $14.43 and business is looking at $11.03 per thousand.

All of this is to support a budget of $8,133,110.

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