Friday, June 23, 2017

$1.25

 

Canadian Publications Agreement No. 40727545

←  Go back

Municipality of Trent Lakes tables 2017 Budget

 

February 24, 2017

 

BY TERRY GILLIS

 

The 2017 Trent Lakes Budget was approved at the Tuesday, February 21 Council meeting. Trent Lakes taxpayers will be looking at a 4.47% tax increase this year.

According to Treasurer Donna Teggart, there were a number of variable affecting the 2017 Budget.

Policing costs are up $154,722.00 from 2016 which is an increase of 9.80% (for a total estimated billing of $1,733,709.00 in 2017) . Insurance premiums are up $16,391.00 (9.57%) from 2016. The second year of the Septic Inspection Program has been budgeted for, as has the continuation of the Community Improvement Plan. Additionally, the work at Depot 49 also is affecting the 2017 Budget.

The total Municipal Budget for 2017 is estimated at $15,242,884.14. The budget for 2016 was $13,169,922.19.

The $15,242,884.14 Municipal Expenditures are as follows:

$1,620.650.00 for General Government expenses (which includes Council Costs, Administrative costs, Community Improvement Plan, Medical Centre costs)

$1,021,913.40 for Fire & Rescue expenses (includes administration costs, internal financing repayment, fire hall and equipment costs, emergency planning, training and occurrences).

$2,440,808.75 for Other Protection Services expenses (includes OPP levy of $1,733,709, administrative/legal fees, By-law enforcement, building inspections, land use planning, septic inspection program and a conservation levy of $77,159)

$4,574,135.06 for Public Works expenses (includes road maintenance, vehicle and equipment maintenance, administrative costs, environmental services, snow plowing, sanding and salting).

$2825.00 for Water Testing (testing at all municipally owned facilities).

$856,075.00 for Environmental Services expenses (includes all transfer site operation costs, post-closure monitoring/closure costs, recycling programs, administrative costs, waste haulage).

$446,915.24 for Parks, Recreation, Culture & Heritage expenses (includes grants and operating costs for all halls, costs of all recreation facilities/beaches, library levy of $137,650, Buckhorn rink-portion of costs offset by rink board advertising revenue).

The increase works out to $378.27 per $100,000 of residential assessment for 2017 (compared to $362.08 in 2016) which equals an increase of $16.19 per $100,000 (assessment value)

The assessed value is provided to Trent Lakes by MPAC. The average residential value in 2017 is $358,718.71 (up from $346,383.39 in 2016).

On average, the municipal portion of the 2017 property tax increased from $1,254.25 in 2016 to $1,357.03 (an AVERAGE increase of $102.78.

Trent Lakes Council unanimously approved the 2017 Budget.

$2,825.00 for Water Testing (testing at all municipally owned facilities).

$856,075.00 for Environmental Services expenses (includes all transfer site operation costs, post-closure monitoring/closure costs, recycling programs, administrative costs, waste haulage).

$446,915.24 for Parks, Recreation, Culture & Heritage expenses (includes grants and operating costs for all halls, costs of all recreation facilities/beaches, library levy of $137,650, Buckhorn rink-portion of costs offset by rink board advertising revenue).

The increase works out to $378.27 per $100,000 of residential assessment for 2017 (compared to $362.08 in 2016) which equals an increase of $16.19 per $100,000 (assessment value)

The assessed value is provided to Trent Lakes by MPAC. The average residential value in 2017 is $358,718.71 (up from $346,383.39 in 2016).

On average, the municipal portion of the 2017 property tax increased from $1,254.25 in 2016 to $1,357.03 (an AVERAGE increase of $102.78).

Trent Lakes Council unanimously approved the 2017 Budget.