Tue, 06 Dec 2016
Achieving Council’s direction to keep the overall property tax increase in line with inflation, Oakville’s 2017 Budget Committee recommended a 3.21 per cent increase to the town’s portion of the tax bill, which produces an overall increase of 1.99 per cent when the expected Halton Region increase and educational components are included. The latest Toronto Consumer Price Index shows an annual increase of 2.3 per cent. If approved by Council, the proposed change would increase residential property taxes by $16.48 per $100,000 of assessment, meaning that the owner of a home assessed at $700,000 would pay an additional $115.36 per year or $2.22 per week. The recommendation will go before Council for approval on Monday, December 12, 2016.
“The recommended budget reflects Council’s commitment to keep overall property tax increases in line with inflation,” Budget Committee Chair Tom Adams said. “Council is doing this at the same time it is investing in building and renewing community infrastructure. We also continue to deliver high quality programs and services, while making strategic improvements desired by the community.”
In the town’s Draft 2017 Budget, staff is recommending a $310 million operating budget to provide a wide range of programs and services including the maintenance of roads and community facilities, fire services, transit, parks and trails, recreation and culture, senior services, and libraries, along with a variety of other valued services. Program enhancements recommended for 2017 include improvements to by-law enforcement, implementation of changes to the private tree by-law to strengthen tree protection, additional funding of $50,000 for Visit Oakville tourism, $90,000 to support the Heritage Grant program and an additional $52,500 to support cultural programs and grants.
The Budget Committee recommended referring additional funding for introducing flashing 40 kilometre-per-hour traffic zone warning signs to the 2018 budget process. This was to permit time to review potential new rules that could allow the limited use of photo radar in school zones before making any further decisions. The committee also recommended re-allocating existing funds for Council’s town-wide newsletter to more ward-specific communications.
In November, the Budget Committee reviewed the town’s Draft 2017 Capital Budget which includes $122.3 million in funding in 2017 and just over $1 billion for capital projects between 2017-2026 with a focus on transportation, infrastructure renewal and other elements related to growth. The Budget Committee recommended moving forward an additional $500,000 in road resurfacing projects to 2017.
Some of the key capital projects for 2017 include:
Councillor Adams also noted in today’s deliberations that staff are directed to prepare future budgets for 2018, 2019 and 2020 to align with Council’s existing direction to keep overall property tax increases in line with inflation.
“Council is committed to ensuring Oakville’s finances remain strong, stable and healthy as we work to make our town the most livable town in Canada,” Mayor Rob Burton said. “The recommended budget reflects this commitment and ensures long-term stability for our property taxes.”
Residents who wish to appear before Council as a delegate at the December 12 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 the town’s YouTube channel.
For more details, visit the 2017 Budget page.