Council and staff will serve the ratepayers of the community with a caring attitude focused on customer service.

Transcription

1 2018 Budget

2 The Township of Southwold is committed to providing a healthy, safe community to all residents, businesses and visitors by providing services in an economical manner to further growth and prosperity. We envision the Township of Southwold as a thriving, community-oriented municipality that continues to grow and prosper by enabling and pursuing residential, agricultural and commercial growth opportunities through expansion of key municipal services. The sense of community will be strengthened by promoting a wide variety of consumer-friendly services, such as health, culture, connectivity, parks and recreation. Council and staff will serve the ratepayers of the community with a caring attitude focused on customer service.

3 2018 Final Budget includes a tax levy increase of 5.725%. The total general taxation levy is $2,871,883 and anticipated net taxation growth is $36,153. Historical levy increases and the resulting tax rate increases for the last 5 years are: Year Levy Increase Tax Rate Increase % 9.30% % 8.99% % 6.99% % 7.18% % 0%

4 Taxation 31.51% Taxation growth 0.40% Payments in lieu of Taxes 11.20% Grants, donations, contributions 23.64% Other revenues 14.49% Use of reserves 18.76%

5 Central Elgin (5,463) $ 663,300 = $ per household Southwold (1,718) $ 378,100 = $ per household Dutton Dunwich (1,646)$ 447,500 = $ per household Malahide (3,150) $ 808,400 = $ per household Bayham (2,666) $ 995,500 = $ per household Aylmer (2,954) $1,570,000 = $ per household West Elgin (2,969) $1,969,700 = $ per household Excludes benefit from provincial uploads of court security and prisoner transport.

6 City of Toronto pays the Township over $980,000 in payments in lieu of taxation for landfill property. Comparatively, the Township raises $2,950,000 in tax levy and payments in lieu of taxation from all other property owners. Council is requesting funding from Green Lane Community Trust Fund of over $923,000 towards 2018 capital projects and operating programs. As the landfill approaches capacity in the future, the resulting impact on payments in lieu of taxation and grant/donation revenues will be significant. In an effort to offset these future significant losses of revenue, assessment growth resulting from development is anticipated for a number of years. Current households are 1,718. Anticipated growth over the next three years is estimated at 398 households. Additional growth beyond three years is expected.

7 Council 2.38% Administration 12.83% Fire 10.01% Police 13.40% Protective Services 4.41% Road Operations 36.83% Environmental Services 9.25% Municipal Properties 3.93% Parks 1.77% Planning 5.19%

8 Current projects are funded primarily with reserve funds, donations and grants. Projects related to development are funded by development. If existing, aging infrastructure is improved during the course of development, a portion of costs is funded from reserves. Saving for future capital requirements is funded from tax rates through contributions to reserves. Asset Management Plan identified our highest needs assets of hard surface roads and bridges & culverts. For the last number of years Council has increased contributions to reserves in an attempt to move towards the recommended funding thresholds for the future replacement and rehabilitation of these assets. Our most recent AMP has also identified needs within the park equipment and land improvement classes of assets.

9 2018 Capital Projects Computers, records management, filing system, Teranet, recording equipment $ 45,000 Fire pumper and Chief vehicle $ 395,000 Fire equipment (various) $ 35,000 Road vehicles and equipment $ 65,000 Streetlights $ 10,000 Municipal Drains $ 143,000 Park Improvements (1) plus turf management $ 333,550 Keystone Complex improvements (2) $ 26,015 Longhurst Line Bridge $ 705,576 Woodplant Bridge $ 10,000 Library accessibility equipment $ 14,000 Road Projects: Construction(1) $ 100,000 Road and Storm projects $1,071,618 Edge repairs $ 25,000 Gravel(various) $ 130,000 Guardrails $ 50,000 Total $3,158,759 (2017 projects to be completed include WWTP, Talbotville park, Fingal washrooms, pergola and PW garage improvements.)

10 28.6% of the residential property tax bill funds Township services 8.3% funds Service Partners (OPP, Conservation Authorities) 14.3% funds Education 48.8% funds County services (social services, libraries, homes for the aged, county roads) Township Education Service partners County

11 Southwold % West Elgin *excludes garbage special area rates % Bayham % Malahide % Central Elgin % Aylmer % Dutton-Dunwich % 2018 Rate comparisons will not be available until all lower tiers have completed their tax rate bylaws. Once available, comparisons to our bordering neighbours will be included on the website.

12 Residential Property $ $ increase over 2017 of $ 0 Farm Property $ $ increase over 2017 of $ 0 Commercial $ $ increase over 2017 of $ 0 Property owners will only experience an increase on the municipal portion of their tax bills only in the case where they experience an assessment increase.

13 Residential property values in Southwold should see an average assessment increase in 2018 of 1.6%. Average assessed value $238,409. Farm property values in Southwold should see an average assessment increase in 2018 of 11.3%. Average assessed value $637,905. Commercial property values in Southwold should see an average assessment increase in 2018 of 7.2%. Average assessed value $180,421. As per information provided from MPAC About My Property

14 Residential home (assessment per MPAC) $ 234,674 $ 238,409 Municipal portion of tax bill $1, $1, (Southwold only, not County or School Board) Net Increase over 2017 $ Increase related to assessment increase is $17.31, increase due to budget increase is $nil.

15 Total tax rates will be passed by Municipal by-law with County and School board rates Tax Information brochure will be completed shortly. The budget by-law, Elgin County comparisons and further information will be posted on the website.