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Town of New Tecumseth approves 2022 budget

December 16, 2021   ·   0 Comments

The Town of New Tecumseth approved the budget for 2022 at its Monday, December 13, Council meeting.

Overall, the combined 2022 approved levy reflects a 1.82 % increase, which translates to approximately $43 per year for a home valued at $452,931.

The average New Tecumseth residential property tax bill, including County and education components is estimated at $4,368.

The approved 2022 budge reflects a net general levy of $39.2 million resulting in a 1.32% levy increase.

The 2022 approved budget will provide for an additional one-time contribution to the Stevenson Memorial Hospital Redevelopment Project in the amount of $250,000. This is in addition to the $500,000 committed to the project in 2020.

The Town budget includes $36 million in capital consisting of 62 projects, funded from a variety of sources.

Significant capital works for 2020 include:

Dayfoot Street reconstruction – $9.4 million

7th Line reconstruction – $5.9 million

12 Line bridge – $4.3 million

Hill Crest Well improvements – $2.1 million

Beattie Bridge utility relocation – $1.6 million

Fire Station #3 upgrades – $1.4 million

McKelvey Pump upgrades $1.4 million

Ground Well optimizations – $1.3 million

Park and recreation upgrades included in the 2002 budget: 

Belterra Park including off-leash dog park – $840,000.

Riverdale Park additional work – $177,000.

Volleyball Court Beeton – $5,000.

Hillcrest off-leash dog park – $125,000.

Beeton Recreation Centre reserve fund -$350,000.

Pierce Park basketball nets – $23,000.

Accessibility upgrades – new additional funds – $15,000.

The water and wastewater budget approval results in a 6% increase to water and wastewater rates effective April 1, 2022.

By Brian Lockhart
Local Journalism Initiative Reporter

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