Wed, 13 Dec 2017
Achieving Council’s direction to keep the overall property tax increase in line with inflation, Oakville’s 2018 Budget Committee is recommending a 2.58 per cent increase to the town’s portion of the tax bill, for an overall property tax increase of 1.75 per cent when the expected regional and educational tax levies are included.
The proposed increase means that residential property taxes would increase by $13.98 per $100,000 of assessment meaning that the owner of a home assessed at $800,000 would pay an additional $111.84 per year or $2.15 per week. The proposed budget will go forward to Council for approval at its December 18 meeting.
“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.”
For 2018, staff recommended a $323.6 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 2018 include funding for the opening of the new Trafalgar Park Community Centre (Oakville Arena redevelopment) in fall 2018, expansion of enforcement hours for by-law services, and an additional $25,000 increase for the Oakville Arts Council Grant Program.
For 2018, the recommended capital budget sees $129.1 million of funding to support transportation, traffic safety measures, infrastructure renewal and other elements related to growth. The committee recommended new funding of $204,000 to install flashing 40 km/h signage in school zones, $200,000 for pedestrian safety initiatives and education and $205,000 for the Gypsy Moth Spraying Program.
Additional capital projects for 2018 include:
Throughout the budget process, which began on November 21, 2017, the Budget Committee welcomed feedback from residents, local businesses and community partners. Public consultation impacted the Budget Committee’s recommendation to approve $77,000 for a bocce ball court at Glenashton Park, $40,000 in one-time funding for the Backyard Tree Planting Program in partnership with Oakvillegreen and additional traffic safety measures.
During Tuesday’s deliberations, Councillor Adams noted that the committee’s recommended 1.75 per cent overall property tax increase for 2018 is likely to be the lowest among GTHA municipalities, while the town has had the lowest overall tax increase for the last four years when compared to neighbouring municipalities Burlington, Mississauga and Milton.
“Oakville residents can continue to feel confident in the high level of services and programs the town provides, as well as our fiscal health, which is the healthiest in Ontario,” Mayor Rob Burton said, highlighting a University of Toronto fiscal health study. “The recommended budget reflects Council’s commitment to keeping Oakville’s finances stable and healthy as we work toward achieving our vision to be the most livable town in Canada.”
The final recommended budget will go forward to Council for approval on December 18, 2017 at 7 p.m. Join the meeting in person in Council Chamber at Town Hall, 1225 Trafalgar Road. Residents who wish to appear before Council as a delegate may register in person at the meeting, or in advance by emailing email@example.com or by calling 905-815-6015. For those who cannot attend the meeting, live coverage will be available on the town’s YouTube channel.
Visit our 2018 Budget page for more information.