The City of Sherbrooke presented its 2019 operating budget on Monday night, foreseeing $314,942,700 in expenditures over the coming year. That figure comes in at nearly $15 million more than the 2018 budget, and includes a 2.96 per cent property tax increase as one of several measures to offset that added cost. The new rate means that for a single family home with a value of $233,750 the increase will be $60.53 per year or $5.04 per month. For a building of six apartments having an average value of $524,070 will be $64.39 and the increase for a building of 24 lodgings with an average value of $1.6 million will be $17.46. See full story in the Tuesday, Dec. 18 edition of The Record.
Sherbrooke Budget sees tax, rate increases in 2019
By Gordon Lambie
