2016 Budget Update
- 08 December 2015
- Hailey Thomson
- Hits: 3867
Meaford, Ontario – December 8, 2015 – As part of the 2016 Draft Budget Process a meeting was held in the Bognor Community Centre on December 7, 2015. Mayor Clumpus opened the meeting by providing clarification regarding misinformation on the 2016 budget. Her remarks can be seen in the Mayor's Corner.
At the next council meeting on Monday, December 14, 2015 the Council of the Municipality of Meaford will be provided with the final budget for approval for the 2016 year.
As the chart below demonstrates, the current recommended tax levy increase for 2016 is set at 1.943%.
|Base 2015 Budget||$12,650,045|
|Base Budget Increase||$53,045||0.419%|
|Corporate Revenue Increase||-$43,750||-0.346%|
|“Preservation Model” Funding||$123,850||0.979%|
|Additional Infrastructure Funding||$100,000||0.791%|
|Reduced Capital Works||-$52,000||-0.411%|
|Requested 2016 Budget||$12,895,840|
|Requested Additional Funding||$245,795||1.943%|
On the average assessed home in the Municipality of Meaford, 1.943% is approximately an additional $37.92 per year. As the chart below indicates, when combined with Grey County and education tax rates, the increase in 2016 on the average assessment will be $55.85.
Full budget documents, presentations and Q&A’s can be found at www.meaford.ca/budgets.
Any budget questions or comments can be directed to email@example.com.
Treasurer/Director of Financial Services & Infrastructure Management
Municipality of Meaford
21 Trowbridge Street West, Meaford
519 538-1060 ext. 1111 | firstname.lastname@example.org