The Town of Halton Hills recently announced that town council has approved the 2019 budget.
This budget consists of a 3.9 per cent increase in regards to town provided services.
“This is a reasonable and realistic budget,” Mayor Rick Bonnette said in a recent press release.
“The tax increase allows the municipality to maintain current service levels, invest in critical infrastructure and ensure that our reserves remain healthy.”
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The overall tax rate for residents is 2.4 per cent when blended with the Halton Region and the school board.
According to the town’s budget document, this equates to a total of $848.94 in property taxes with $378.05 going towards town-provided services, $300.89 going to the Region of Halton, and $170.00 going towards education. Note that this is all based on per $100,000 of residential assessment.
The tax increase, according to the press release, also consists of the continuation of the ActiVan operations as an in-house service, supports the Georgetown and Action Youth Centres by introducing concurrent coverage at both centres from 3:30 pm to 7:00 pm and accelerates the Fire Services Master Plan to provide 24/7 full-time response throughout the community (eliminating further increases to the Fire levy).
The total net operating budget (tax levy supported budget) was proposed at $50,689,500. This money will go towards transportation and transit, recreation and culture, parks and open space, environmental services, along with fire, library, and administrations services.
The budget considers revenue from development charges, anticipated assessment growth and capital investment to support growth while adhering to the 10-year Long Range Financial Plan which provides direction to support the financial stability of the Town.
“We have continued with our practice of steady and stable increases,” Bonnette said in the press release.
“By taking a moderate approach to the budget, council and staff have been able to avoid catch up years with high tax increases.”
The town’s budget document also notes that the 2019 Capital Budget was proposed at $21,293,300 and the 2020-2028 capital forecast was proposed at $248,487,700 for a ten-year capital program totalling $269,781,000.
Graphics are courtesy of the Town of Halton Hills.