A council committee has approved the city's operating budget for 2019, which includes a 2.7 per cent tax increase and a boost in water rates of three per cent.

The increases will cost the average London homeowner about $100 a year based on a home assessed at $221,000.

The 2019 document was approved Monday by council members who sit on the strategic priorities and planning committee.

The budget will face final approval by city council at its Feb. 12 meeting.