Deliberations on the budget for next year won't start until January 10, but the Municipality of Lakeshore has released its draft spending plan.
So far, the proposed property tax increase is 2.64 per cent.
Even with the increase, the Municipality said it "remains below the level of inflation and would maintain Lakeshore's top spot in the region as the lowest tax rate relative to average household income."
Operating expenditures are $53.7-million, with an estimated $17.1-million in revenue from grants, user fees, and investment returns.
The Municipality also plans to spend another $17.2-million on capital projects, including $612,000 for water main replacement on Comber Side Road and $870,000 for engineering and design work on Puce Road, Major Street, and Lilydale Avenue. Another $1.8-million will pay for reconstruction on Puce Road.
Once county and education levies are included, the increase works out to another $62 on the average tax bill.
"This budget builds upon the successes of past years, focuses on accomplishing Council's strategic priorities, and has adapted to the challenges that local governments have had throughout the pandemic," said Lakeshore's CFO, Justin Rousseau. "Lakeshore has experienced sustainable growth, and this budget, if approved, will ensure we are well-positioned to accommodate investment and welcome new residents well into the future."
Council has set aside January 10, 11, and 12 for deliberations.
The public can view the draft budget online.
