On Monday, the council in Corman Park agreed to reduce a planned 36 per cent property tax hike to just 20 per cent.
Reeve Mel Henry says that`s still not likely to be welcomed with open arms, but he says council is doing its best to help people out.
He also warns that reducing the property tax hike will have consequences.
He says it will mean less road maintenance and fewer pavement improvements than planned.
He cautions residents to lower their expectations.
"We are fast approaching the point when our reserves are not going to be enough to meet our demand," says Henry. "We still have financial trouble. That day of reckoning is going to come."