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Draft budget proposes eight per cent tax hike, new seniors centre at NTRC

Posted December 2, 2013

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.

2014 Budget variance

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 phases of 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.

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