Town approves 2017 Municipal Budget
by Sandy Lindsay
January 25, 2017
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It will take over $41million to maintain the operating services (at almost $26 million) and capital projects (at almost $16 million) for the Town of Saugeen Shores in 2017. Of that, the taxpayer portion will be $12,579,841.
The result will mean an annual tax levy increase of 4.04 per cent, and with the County and Education rates, it is expected that the blended rate will be 3.97 per cent. The result will be an increase of $117 on the average residential unit assessed at $282,000.
The overall tax levy will be $3,052 per property in 2017 up from $2,935.
The projected tax levy increase is $600,000 following adjustments in various areas. Among the changes were adjustments in revenues from changes to the Fees & Charges By-Law and a reduction to the Bridge Reserve transfer.
There are a number of capital work projects for a total of $15.6 million in the 2017 Capital Budget, including $5.4 for the new police headquarters and expansion of the Dr. Earl Medical Centre at some $400,000
It is anticipated that funding will come from a combination of tax dollars, donations, grants, Federal Gas Tax Funding, User Fees, Development Charges and Reserve Transfers.
In addition, residents will see an increase in water and sewer rates of 5 per cent and 6 per cent respectively. The bi-monthly base capital contribution rate for water will go from $35.10 to $36.86 and sewer will see an increase from $38.70 to $43.02, which will result in the average bi-monthly residential water bill for 2017 estimated at $161.
The two BIA budgets as unchanged with Port Elgin at $33,000 and $29,350 for Southampton.
Final budget approval will come at the February 13th meeting however, the County and School Board figures are yet to be confirmed.
The budget also includes several service level enhancements and donations requested:
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Wednesday, January 25, 2017