City council unanimously approved the 2015 budget Wednesday, limiting residential property tax increases to two percent.
“This budget was designed to ensure Ottawa maintains momentum on the major initiatives already well underway across the region that are helping to enhance our reputation as a progressive, thriving and growing city,” Ottawa mayor Jim Watson said in a statement.
Mr. Watson was unable to attend the meeting as he continues to recover from a snowmobiling accident. Deputy mayor Mark Taylor led proceedings in Mr. Watson’s absence.
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With organizations standardizing hybrid work, Real Strategy anticipates this reduction in tenant demand to continue.
The budget promises affordable housing, community facilities, and crime prevention investment. The transit fare increase has been capped at 2.5 per cent, while recreation fees will go up no more than two per cent.
Stage 1 and stage 2 of the light rail project will continue as planned under the budget as the city prepares the Confederation Line for full service by 2018.
