2015 Budget

On Tuesday, January 13th, members of Council received a first look at the draft town Budget.

Administration is proposing a 0.8% tax increase, or an average of $8 a year when considering education and county increases projected as well.  A 1.6% budget increase was proposed, with new revenues from assessment growth and lower policing costs contributing accounting for avoiding the extra 0.8% on the tax base.

Some of the new costs being recommended by Administration include:

  • A new infrastructure reserve representing 1.0% of your tax rate or $200,000.  This is not lifecycle costing for maintenance of existing assets but is rather to fund new initiatives like the Parks & Recreation Master Plan (i.e. the proposed Lakewood Park splash pad is estimated to cost about $350,000 and if prioritized would be funded from this allocation)
  • Additional part-time administrative assistant for Council Services
  • Additional firefighter hours to meed demand
  • Additional hours allotted to Public Works for Winter Control to meet demand
  • Conversion of joint Building/Water Inspector to Building Inspector (with offsetting reduction from Water budget) to meet demand
  • Strategic Planning to undertake projects such as the improvements to the Tecumseh Road business district
  • Overall $320,000 increase for salaries and benefits.

The proposed capital works program for 2015 will total $12.4 million. Projects for 2015 will include:

  • Various asphalting ($0.7 million)
  • Baseline Road reconstruction ($0.9 million)
  • Conversion of Streetlights to LED ($1.2 million)
  • First phase of Stormwater Channel east of Manning Road at Lakewood Park ($0.7 million)
  • Replacement of Lacasse Public Works Yard Salt Shed ($0.3 million)
  • Burke/Outer/Moro Sanitary Sewer and municipal infrastructure replacement ($3.0 million)
  • Sullivan Creek/Baseline and Pike Creek/12th Concession Bridges ($1.0 million)

 

The overall budget can be found here.  Please let me know if you have any questions on it.  I also invite you to let me know what your priorities would be by filling out the survey here.


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