Assessment adjustments require a community vote to approve a “cap” or “ceiling” on the amount of the adjustment. The process to place an item on the ballot during a public election and communicate to all stakeholders requires the use of budget resources, which is very expensive. To expend the resources only one time, the ballot measure will outline a vote to raise a maximum limit of $1,200 annually.
This is a 20-year business plan, by doing this in 2022, the CRD’s goal is to not go through this process again for another two decades.
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