An increase of 3.89 per cent in property tax has been recommended by the Finance Committee of the Township of Uxbridge.
It approved the 2022/2023 Operating Budget and 10-Year Capital Investment Plan during a meeting yesterday, after an in-depth review and deliberations over the past few months. The Finance Committee will recommend to council that it adopt the 2022/2023 Budget at the council meeting on February 14, said a statement.
The township’s 2022 budget consists of operating expenditures of $19 million and capital expenditures of $11.9 million, of which $15.4 million will be funded through property taxes. This represents a local property tax increase to taxpayers of 3.89 per cent (net of growth), the statement said.
The total property tax bill includes taxes for Uxbridge, Region of Durham and School Boards (as set by the province). In 2021, only 28% of total residential property taxes remained in the township to deliver local services. The Uxbridge portion of taxes is increasing by $67 a year or about $5.60 per month. For an average residential property MPAC-assessed at $600,000, the total tax bill increase is $157 or 2.52 per cent (of which 1.08 per cent is Uxbridge’s local share), the statement explained.
Announced 2022 Durham Tax Increases
- 4% – Clarington
- 3.89 – Uxbridge
- 2% – Scugog
- 2% – Whitby
- 1.85% – Oshawa
“I’m proud of the efforts of township staff and council to minimize the levy increase. This marks the 3rd consecutive year of lower increases while maintaining and enhancing the services Uxbridge property owners expect. I’m particularly proud that this budget also met the target of investing more than 2 per cent of the levy to maintaining critical township infrastructure. The township will continue to look for operational efficiencies and ways to maximize contributions from higher levels of government,” said Mayor Dave Barton.
“Planning the 2022 budget involved a lot of compromise following a challenging year in 2021. I would like to thank the staff and council for making difficult decisions and working hard over many months to finalize the budget. I look forward to seeing the results of some of the major initiatives staff have planned for 2022.”
The statement said the township is committed to an open, responsible and transparent budget process, providing opportunities for public consultation for the business community and general public through a budget open house forum and public budget meetings.
The township continues to be financially stable, with competitive tax rates and strong reserve funds, it added.
Related Stories
YOU MIGHT ALSO LIKE
Rising Homelessness: Durham asks for continued covid funding