Budget

Budget

As part of our Strategic Plan to ensure the long-term financial stability of the Town and to involve the community in the ongoing work of the municipality, every fall, the municipality begins an extensive budgeting process. This process involves consultation with Council, Staff, and Public, ending with the development of a three-year operating budget and a five-year capital budget for the following year.

The Town’s budgeting goal is to ensure, through prudent fiscal planning, the long-term economic sustainability of our community.

2017 Approved Budget

The 2017 Approved Budget was passed by Council on February 13, 2017.

2018 Draft Budget

County Budget Update: On January 11, 2018 the County of Grey announced that the 2018 County Budget was being proposed at a 0.36% increase over 2017, which is down from the 0.83% increase originally proposed. The Town has re-calculated the blended tax rate based on this change.

Town Budget:

The 2018 Draft Budget and Staff Report is available for review. The 2018 Draft Base Budget provides for the same service level and the same services delivered at a 0.74% increase over 2017. With the Draft Additions to the Base Budget added in, the Town Tax Levy Rate is now a 2.07% increase over 2017. The blended tax rate, which combines Town, County, and Education tax rates, is 1.00%.

2018 Draft Budget – Water and Wastewater Rates

The water and wastewater rates are a combination of a Fixed Charge and a Consumption Charge that is based on actual consumption.

The 2018 Draft Water Budget does not include any increases in the Fixed Charge or the Consumption Charge over the current 2017 rates. The 2018 Draft Wastewater Budget includes a 2% increase to the Consumption Charge over the current 2017 rates.

This 2% increase to wastewater would see the average household wastewater bill increase by $6 per year. This is based on a residence using a residential 5/8" water meter and an average of 30 cubic meters of water every two months.

The Infrastructure Renewal Fee for Water and Wastewater remains constant for 2018 as the Town continues to make increased contributions to the Water and Wastewater Asset Replacement Reserves.

2018 Public Information Session and Public Meeting

The Blue Mountains Council will be holding a Public Information Session and Public Meeting to provide information to the public and to allow the public the opportunity to review and comment on the 2018 Draft Budget.

The Public Information Session and Public Meeting will take place as follows:

  • Monday, January 22, 2018
  • Public Information Session 6:00 pm to 7:00 pm
  • Public Meeting at 7:00 p.m.
  • Town Hall, Council Chambers 32 Mill Street, Thornbury, ON N0H 2P0

2018 Budget Timeline

The 2018 Draft Budget is staff’s best estimate of 2018 costs and revenues based on current knowledge.

Once the 2018 Proposed Budget is released by Staff, the Town holds a series of Committee of the Whole Meetings, where the Proposed Budget is reviewed by Council, and a Public Information Session and Public Meeting is held to gain input from the public.

The following is a list of important dates in the 2018 Budget Process:

  • November 30, 2017:  2018 Proposed Budget is available on the Town’s website.
  • December 11-12, 2017:  Committee of The Whole Budget Meetings.
  • December 13, 2017:  Committee of The Whole Budget Meeting, if required.
  • January 2018:  An updated 2018 Draft Budget is available on the Town’s website.
  • January 22, 2018:  Public Information Session and Public Meeting.
  • January 29, 2018: Staff Report to follow the comments from the Public Meeting.
     

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