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News

Councillors shave a per cent from tax hike thanks to higher growth, reserves

Posted December 9, 2013

A Saturday working session of New Tecumseth council to deal with the draft 2014 budget ended with a taxation levy reduction of $85,000, which, with an updated growth impact of $616,147 (vs $567,657) will tap ratepayers for $1,548,240 or 6.96 per cent more than 2013.

When that is factored into the County and Education tax impact, the average property tax bill on a residential property with an assessment of $313,324 will be $126.83 or 3.97 per cent increase. The total average tax bill will come in over $1

One per cent of the tax levy will be implemented as a contribution to the new capital asset replacement reserve - approximately $220,000 in 2014. Council also agreed to
extend the time before replacement of vehicles and equipment allowing a reduction to the contribution to the fleet reserve, which was a $41,000 reduction;
New projects to be paid for out of existing reserves will included:
  • Paving of 15th Sideroad between the 6th and the 8th Line;
  • Design for the installation of audible pedestrian signals at the main intersections in Alliston, Beeton and Tottenham;
  • Streetlights for Kindler Road and Hwy 89 (installation in 2015), 14th Line and 10th Sideroad and Western Ave. and Queen Street intersections in Tottenham;
  • Shade shelters at the Beeton and Tottenham splash pads;
  • Skate park equipment replacement in Alliston and Tottenham as well as various playfield upgrades, and;
  • Replacing guardrails at the Beeton Fairgrounds Park.
Water and wastewater rates are poised to increase from $1.74 per cubic metre to $1.82 per cubic metre, or 4.6 per cent more starting April 1, 2014.

Council will host a public meeting Wednesday night to solicit input from ratepayers, starting at 7 pm at the fire hall in Alliston. It's anticipated the budget could be approved prior to the Christmas break, making it the earliest approval since the Town was created in 1991.

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