2.99% tax rate increase confirmed
MARKHAM, ON – February 28, 2024 – The City of Markham has approved A Strong Markham: Budget 2024, presented by Mayor Frank Scarpitti on January 29. The tax rate increase of 2.99% will cost the average homeowner in Markham less than $40. The budget approval comes after feedback from staff, Council, and community members. A Public Meeting took place on February 15 as part of the City’s dedication to budget transparency. “We have created a strong and responsible budget, and we are proud of our fiscal management,” said Mayor Frank Scarpitti. “With a 2024 property tax rate increase of 2.99%, Budget 2024 keeps affordability in mind and introduces a new Seniors tax relief program. Markham continues to have the lowest average tax rate increase in the GTA over 19 consecutive years. With the support of Council, Markham leads the way in delivering excellent services and investing in new infrastructure while maintaining our assets in a state of good repair. Together, we are always working for a stronger Markham.” For more information about Budget 2024, visit markham. ca/Budget. Mayor Frank Scarpitti and members of Markham Council on January 29, 2024. (from left to right: Ward 1 Councillor Keith Irish; Ward 2 Councillor Ritch Lau; Ward 3 Councillor Reid Mc Alpine; Ward 4 Councillor Karen Rea; Regional Councillor Alan Ho; Deputy Mayor Michael Chan; Mayor Frank Scarpitti; Regional Councillor Jim Jones; Ward 5 Councillor Andrew Keyes; Ward 6 Councillor Amanda Yeung Collucci; Ward 7 Councillor Juanita Nathan; Ward 8 Councillor Isa Lee) – 30 – Markham Mayor Frank Scarpitti’s Office:At mayorscarpitti@markham. ca. All other media inquiries / interview requests for the City of Markham:
media@markham. ca About Markham: Markham is an award-winning city with over 357,000 residents and is the largest among nine communities in York Region. It hosts more than 650 companies headquartered here as well as over 1,500 high-tech and life science firms. As a leader in attracting foreign direct investment, there are currently more than 234 foreign companies based in the city. Founded back in the late-1790s, today Markham stands out as Canada’s most diverse community with rich heritage alongside impressive community planning and services coupled with a lively local economy. Stay Connected: Visit our newsroom or search #Markham News and #Markham Events for updates on City programs, services and events.
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