Mon, 07 Dec 2015
Achieving Council’s direction to keep the overall property tax increase in line with inflation, Oakville’s 2016 Budget Committee has recommended a 2.4 per cent increase to the town’s portion of the tax bill. If approved, residents would see an overall increase to their property tax bill of 1.66 per cent in 2016 including the expected regional increase and estimated education tax rates. The proposed increase would see residential property taxes increase by $14.14 per $100,000 of assessment meaning that a home assessed at $400,000 would pay an additional $56.56 per year or $1.09 per week. The recommendation will go before Council for approval on Monday, December 14, 2015.
“Many municipal increases are expected to be 50 per cent higher than the town’s overall increase,” said 2016 Budget Chair Councillor Tom Adams. “This recommended budget strikes a healthy balance between offering valued services and programs, making strategic investments in infrastructure and community priorities, and keeping the overall tax increase in-line with inflation. Nearly half of the Oakville portion of the increase is related to infrastructure maintenance and repair.”
In the town’s Draft 2016 Budget, staff is recommending a $371 million combined operating and capital budget to provide a wide range of programs and services including winter road maintenance, parks and trails, harbours, transit, emergency services, recreation and culture, senior services, libraries, and to keep the town’s roads and community facilities in a state of good repair.
Some program enhancements recommended for 2016 include funding for year one of the Transit Service Plan, the introduction of the Radio Frequency Identification (RFID) system in town libraries, and increased resources to meet recreational program demands. The Budget Committee also recommended an additional $3,600 in Oakville Arts Council grant funding and $3,600 for Sports Oakville grant funding for local groups. In addition, the committee recommended cutting $83,900 in Council related costs from the proposed budget.
In October, the Budget Committee reviewed the town’s Draft 2016 Capital Budget and 2016-2025 Capital Budget and Forecast which sees $99.4 million of funding in 2016 and just over $1 billion for capital requirements over the next 10 years with a focus on transportation, infrastructure renewal and other elements related to growth.
Some of the key capital projects for 2016 include:
“Providing the programs and services for our residents in a fiscally sustainable manner is a key priority for Council,” said Mayor Rob Burton. “Over the past several years we have worked hard at meeting this goal and as such Oakville has become one of the best municipalities at keeping its tax increase low,” said Mayor Burton.
Residents who wish to appear before Council as a delegate at the December 14 meeting may register in person at the meeting, or in advance by emailing email@example.com or calling 905-815-6015. For those who cannot attend the meetings, they are streamed live on TownTV.
For more details and information about the recommended 2016 Operating and Capital budget visit the 2016 Budget page.