Wellesley has passed its 2008 budget.
Councillors were presented with a proposed 8.3 per cent tax increase by staff a few weeks ago.
During the April 7 meeting, council opted to go with a 5.5 per cent increase.
An eight per cent increase would have added about $56.13 to the average property owners bill, assuming a home value of $203,000. Now the increase amounts to a $37 increase.
The average property bill will now be $716.
The average property tax in Cambridge is $937.80, in Kitchener it is $912.72, and in Waterloo the cost is $866.77.
In Wilmot the cost is $609.14, and in Woolwich the cost is $488.
The other municipalities are looking at tax increases of between 2.3 per cent and 6.08 per cent.
The meeting was only attended by two residents from Wellesley, who dropped by to learn how the budget process works. Seeing as how there were no other residents in attendance with concerns, council spent some time explaining why there are increases, and where the tax dollars go.
Although an informative process for the two men who dropped by, no concerns were expressed and the budget passed.
The tax increase dropped by over three per cent because councilors opted to take $320,000 from tax reserves.
CAO Susan Duke said council is still going to be taking forward a large surplus dating back to 2006.