The District of Taylor is facing a budget shortfall in the proposed 2026 Financial Plan.
Council discussed a deficit of about $680,000 at its latest meeting.
According to a staff report, the shortfall exists despite potentially collecting $4.5 million in taxes.
The report shows that keeping tax rates the same in 2026 would still leave a deficit of close to $600,000.
Council reviewed different options presented by district staff to balance the budget.
Those options included a range of tax increases, but even the highest increase would leave a funding gap.
Council also considered service reductions, project deferrals, and new sources of revenue.
However, the report does not specify which services could be cut or which projects could be delayed.
The report indicates the shortfall is due to rising costs and changes in BC Property Assessments.
Staff presented options that would shift a larger share of tax increases to industrial properties while keeping residential property taxes steady.
Final tax rates will be decided later this spring after public and industry meetings.