Winnipeggers face 5.95 percent property tax increase in budget
CTV
Winnipeggers will be paying more property taxes than expected next year.
Winnipeggers will be paying more property taxes than expected next year.
The 2025 City of Winnipeg preliminary budget unveiled Wednesday said residents will pay a 5.95 percent property tax increase, up from the 3.5 per cent increase promised by Mayor Scott Gillingham during his campaign.
The increase means a Winnipeg homeowner whose property is assessed at $371,000 would pay an additional $121/year or $10/month.
“This is a really, really difficult decision,” said Gillingham.
“We need more revenue, full stop.”
The city is coming into 2025 with a $9.1 million deficit, brought down from $23.4 million due to the city deciding to drain its rainy-day fund, also known as the Financial Stabilization Reserve.
Still, the preliminary budget has increased spending for street renewal and public safety.
