As I anticipated little has changed in the final budget recommendation to Council at the 1/23 Council meeting versus the draft I reviewed in my recent post. The one change has been triggered by new information about assessment growth: it is greater than had been incorporated earlier in the budget process. Most of the increased revenue ($1 million) is recommended to be assigned to the Infrastructure Reserve and $19,000 to our key tourism program. As both Councillor Eek and I had indicated that monies for the latter had to be found I am supportive of the latter and for sure more to this reserve is entirely appropriate. Township recommended increase is 2.98%; for a residential home assessed at $664,000 (average assessed value in 2016) this amounts to an increase of $143/yr. Here is link to budget reports.
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