London’s city coffers didn’t take in much more property tax revenue in 2016 compared to the year before, according to a new city report.
The Strategic Priorities and Policy Committee will review a report Wednesday afternoon that recommends spreading $6 million over several municipal departments.
The tax-base growth last year was 0.91 per cent, which works out to $4.9 million.
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When that’s combined with $1.2 million in assessment growth money that was held over from last year, the total for this year works out to $6.1 million.
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Council policy dictates the money go towards city services impacted by London’s growth.
The report outlines close to two dozen business cases suggested by city staff where the money could be spent.
The money includes $1.6 million for London police to hire 14 full-time civilians and officers.
Wednesday’s meeting begins at 4 p.m.
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