It’s official: Taxes in London to increase 2.8% in 2022

According to the London Free Press; London property taxpayers will be hit with a 2.8 percent tax hike next year after the city council approved its 2022 budget Tuesday night.

“I know for many, every dollar counts, but for the value that taxpayers are getting for their taxes, I feel we did very well in delivering city services at an excellent price,” council’s budget chair, Ward 12 Coun. Elizabeth Peloza, said.

Most of the 2022 budget was approved unchanged, including $3.7 million in departmental budget savings and reduced reserve fund contributions. The budget also includes big-ticket capital spending, such as the $25.9 million to help London shift the bus fleet from diesel to electric.

A new motion from Ward 9 Coun. Anna Hopkins also directed city staff to talk with a local conservation authority about boosting staff to help manage environmentally significant areas in London.

It won’t come with a cost to taxpayers, at least not yet, and Hopkins suggested any needed funding be pulled from reserves. That decision would come back to the council before any cash is allocated.

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