Bancroft Council has approved the municipality’s 2016 budget.
This will see a tax rate increase of 1.6 to 2 per cent for ratepayers in the area.
When factored in with this year’s MPAC property assessment increase, the average tax increase will be about 3.2 per cent.
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The town still has a debt of just over $6.3-million, with six per cent of taxes going towards paying that off.
CAO Hazel Lambe also pointed out the town has about $22-million worth of tangible assets.
