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 4591 Lambton Line,
 RR 4 Dresden, Ont.
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 Fax: 519-692-5511
 admin@dawneuphemia.on.ca

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Events Calendar: 2019 BUDGET PRESENTATION

Title

2019 BUDGET PRESENTATION 

Description

The Treasurer will be presenting the draft 2019 Budget Meeting on Monday January 21st @ 6:30 pm. Everyone is welcome to attend and provide input prior to adoption.
 
Budget highlights include:

·        Tax Levy of $3,643,243

o   Increase to average ratepayer 5.8%     $191,310.00

o   Increase due to new assessment (included in 2018 Suppl 5.7%)  $186,783.00

o   Increase to Residential Tax Class 2.3%  $22,035.00

o   Increase to Farmlands (due to Assessment shift) 6.1%  $  53,156.00

·        $3,726,656 in Operating Expenditures -Increase  $25,101.00

·        $332,700 in Capital Maintenance Expenditures-Increase $ 23,700.00

·        $795,500 in Capital Renewals -Decrease             $466,500.00

·        $369,300 Ontario OMPF (Estimated – based on 2018)  -Decrease  $68,700.00

·        $425,000 Roads Capital and Bridges Reserve-Increase   $  85,000.00

·        Water bi-monthly flat rate to increase from $21 to $22 and water rates increase from $2.62 cu3 to $2.75 cu3

·        Wheelie Bins increase 35 gal from $110 to $120/yr; 65 gal from $185 to $200/yr; and 95 gal from $270 to $290

·        The overall 5.8% increase to the 2019 budget can be attributed to a 2% or $68,700 reduction in OMPF Funding, 2.5% or $85,000 contribution to Asset Management and although the cost of living increase was approx. 2.5%, the Township only saw a .67% increase to operating costs.

Council was in agreement that adoption of the 2019 Budget would be deferred until the next regular meeting of Council subsequent to a public meeting and presentation by the Treasurer. Input from the public will be considered prior to adoption.

Click on attached link for a copy of the presentation.

Start Date/Time

1/21/2019 5:30 PM 

End Date/Time

 

Location

Municipal Office - 4591 Lambton Line 

Expires

1/22/2019 
Attachments
2019 Draft Budget.pdf    
Created at 1/9/2019 8:37 AM  by SHAREPOINT\adminclerk 
Last modified at 1/16/2019 12:56 PM  by SHAREPOINT\adminclerk