Masset will raise property taxes by about 1.5 percent this year, according to the 2012 financial plan that council gave first, second and third readings when it met April 30.The financial plan also shows that the village is planning to spend $1,245,000 on capital projects. Most of that amount - $1.1 million - has been budgeted for the new airport terminal the village wants to build, said chief financial officer Jo Ann Brown. About $85,000 will go towards the purchase of a new grader, and $60,000 was budgeted for a new fire truck.At the April 30 meeting, council announced that it had successfully bid $47,000 for the new fire truck, which means it has already saved money.Masset is the only municipality on the islands collecting more property tax this year. Port Clements voted keep its tax requisition exactly the same as last year, while Queen Charlotte lowered its requisition slightly.