Municipality of the County of Inverness
an image of a calculator, a pair of reading glasses, some charts and a folder with the label 'budget' on the spine

No tax rate increase for Inverness County property owners

At its regular meeting last Thursday, council adopted the 2024-25 budget for the Municipality of Inverness County. The operating budget for the year is fixed at $24,987,100 million.

Cost-of-living challenges were at the forefront of council’s mind, which is why maintaining taxes at the same rate for a sixth consecutive year was a high priority. The residential tax rate is set at residential is $1.05 per $100 of assessment, and commercial is $1.91.

Residential tax in the municipality is ranked provincially at the more affordable end of the spectrum, considering the median household income in the county, according to a recent report* from the provincial Department of Municipal Affairs and Housing.

“Once again, the municipality has adopted a balanced budget while dealing with significant increases in cost pressures,” said Warden Bonny MacIsaac. “With added budgetary stress from the increasing costs of mandatory contributions, municipal staff worked hard to prepare a budget which maintains the same tax rate without cutting services,” she added.

Mandatory contributions are the expenditures which the provincial government requires municipalities to make towards services provided by the province. These include education, policing and provincial roads. In this year’s budget, these mandatory contributions account for just shy of $8 million, or 31.9% of the total budget.

Council also made it a priority to ensure that the budget was balanced, to avoid running a deficit – this means council will not need to borrow money to meet planned operational costs.

At the same time, with this budget, council has been able to add additional resources to focus on strategic priorities in community development. For example, one major area of focus is the issue of food security in the municipality, and municipal staff are currently working on a strategic approach to propose to council to tackle this complex and urgent issue.



* (“Residential Tax Effort: 1.9%”)

an image of a calculator, a pair of reading glasses, some charts and a folder with the label 'budget' on the spine

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