Mayor Morgan not expecting to use his veto power after budget deliberations set 8.7% tax hike

It will cost a lot more to live in London, Ont. this year.

It will cost a lot more to live in London, Ont. this year.

On Thursday, council’s final day deliberating the 2024-2027 municipal budget concluded with some additional funding for transit and library services, but the increase to this year’s tax rate crept only slightly higher to 8.7 per cent.

An 8.7 per cent tax increase corresponds to $286 more on the average home’s property tax bill.

In addition, the water rate will rise 2.5 per cent ($13 per average annual bill) and wastewater charges will rise 4 per cent ($28 per average annual bill).