After 12 hours of budget deliberations, South Dundas council has decided that ratepayers will see their property taxes increase for 2016, but have not yet settled on the exact amount.
South Dundas council held its budget meetings February 10 and 12 at the South Dundas Municipal Centre.
At the outset of budget deliberations, which started Wednesday afternoon, South Dundas chief administrative officer and treasurer Shannon Geraghty presented council with a staff recommended $364,500 budget increase over the 2015 budget, which means almost 7 per cent more money would be spent in 2016 than 2015.
According to Geraghty, that would mean that the impact on an average residential property on the municipal portion of the tax bill would be a $16.57 increase (about 2 per cent).
An average residential property is valued at $180,000.
After the budget overview that kicked off 2016 budget deliberations, department directors answered council questions as they went line by line through each department’s budget overview.
At about the 12th hour, South Dundas councillor Marc St. Pierre said, “I appreciate what staff has done here, but I would like to see a little trimming to get it less than two percent.”
He further explained that he would rather see the average residential property to be looking at a tax rate increase of 1.5 per cent, than 2 per cent.
Council proposed a few budget additions and deletions during the process and left it with staff to come back with the best strategy to achieve the desired tax increase.
If achieved, spending over last year will still increase by about $300,000.
“We will get there,” said Geraghty.
Council plans to review staff’s latest budget suggestions at its next council meeting.
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