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Council approves 2023 budget approved with 3.29% increase
March 3, 2023 · 0 Comments
By Brian Lockhart
Get ready for another increase in your property tax.
New Tecumseth council has approved the municipality’s budget for the coming year during the Feb. 27 council meeting.
The budget includes a net general levy of $40.2 million. That is down from the $42.4 million that was proposed early.
The process included transferring around $400,000 from the tax rate stabilization fund to reduce the tax increase by one per cent.
This means the total municipal increase is 3.29 percent, down from 5.41 per cent that was originally proposed. This includes a 1.29 per cent that will got to operations.
This means the average homeowner can expect their property tax bill to increase by about $100 this year. The average home owner will be paying around $4,500 per year.
User rates for water and wastewater will also increase by eight per cent beginning in April.
Included in the budget for this year were a few recreation additions. These include refurbishing the Tottenham tennis courts, enhancing the disk golf course at the Tottenham Conservation Area, and building a cricket field at Mel Mitchel Athletic Field in Beeton.
Several locations were available for a cricket field, which could all be accommodated for $15,000.
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