The Township of Uxbridge’s 2024/2025 budget – which includes a 5.77 per cent rise in municipal property tax – has been approved by council on February 12.
The township’s 2024/25 Operating Budget and a 10-Year Capital Investment Plan were approved by the Finance Committee on January 18, said a township statement.
So far, Whitby and Clarington each have announced a 1.5 per cent rise in their municipal portion of the 2024 property tax while Oshawa has announced a 3.89 per cent increase.
It said the township’s 2024 budget consists of operating expenditures of $22.4 million and capital expenditures of $11.0 million, of which $17.7 million will be funded through property taxes. This represents a local property tax increase for the municipal portion of taxes to taxpayers of 5.77 per cent (net of growth).
“Finalizing the 2024 Township of Uxbridge Budget was a formidable task given financial pressures from rising costs and inflation. Council and staff delivered a budget that prioritizes the essential services that our residents expect and deserve,” states Deputy Mayor Willie Popp. “Similar to last year, the 2024 budget will manage our expenditures, while investing in our infrastructure and continuing to focus on the revitalization of our downtown. I thank council and staff for their dedication and hard work to finalize the budget.”
The township said it continues to be financially stable, with competitive tax rates and strong reserve funds.
For more information on the 2024/2025 budget visit https://www.uxbridge.ca/en/your-local-government/budgets-and-finances.aspx,
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