Bracebridge Backtracks On Development Charge Increases
The Town of Bracebridge has reversed a decision that would have seen a 3.3 per cent increase in development charges.
The price indexing for 2019 had been already approved by the Town’s general committee, but council flipped the decision after Councillor Don Smith said it sent the wrong message.
Smith said council has already increased development charges earlier in the year and to do so twice in one year would be viewed as a negative sign by the development community.
Smith admitted that the monetary loss, expected to be roughly $14,000 in 2020, was small but it was the perceived intent of the increase that matters.
Councillor Mark Quemby countered that taking that money off of the developers and putting it onto the tax base isn't fair either. Quemby said if the move would simply “line the pockets of developers” then it was of no value to the community.
Nonetheless, several councillors said they had now changed their mind since the original decision and the majority voted not to proceed with the index increase on development charges.