Draft budget proposes eight per cent tax hike, new seniors
centre at NTRC
If approved as presented, the 2014 municipal budget would cost
New Tecumseth ratepayers an average increase of $132 more in property
taxes, an eight per cent increase, according to the draft estimates
included on tonight's council agenda.
As such, the municipal portion of the tax bill would climb to
$1,741 - not including the County or education taxes, based on the
Average residential assessment in New Tecumseth, which is determined by
the Municipal Property Assessment Corporation (MPAC), of $313,324
in 2014, up
from $305,891 in 2013.
The budget deliberations, which have been moved up a month,
proposes to increase spending by $2.4 million, pushing total
expenditures in 2014 over $32 million. It also proposes to add more
than $5.8 million in long term debt.
A one per cent increase in the levy raises $222,492.
Roads, public works and engineering accounts for $7.7 million,
or 31 per cent of the budget, while OPP policing will cost $5.6
million, or 23 per cent. Parks and Recreation comes in at $3.6 million
or 15 per cent.
Capital projects, worth about $29 million, include continued
the new sewage treatment plant in Tottenham; construction of a new
seniors community centre at the NTRC, expansion to Fire Station 3 in
Tottenham, and fleet and equipment replacement.
The budget package will now move on to council working
sessions, the first scheduled for Tuesday night at 7 pm at the fire
hall in Alliston.