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Springwater Council Approves 2018 Budget

Springwater Council Approves 2018 Budget
Posted on 12/20/2017

Township of Springwater / December 20, 2017 – Springwater Council has approved the 2018 Budget with a 2.99% property tax increase over 2017 rates.

When combined with the County of Simcoe approved budget, the education rate, which staff have assumed to remain neutral, and the increasing policing charge, the blended tax increase is estimated at 1.86%.

For an average home in Springwater assessed at $422,584, the approved blended rate amounts to an increase of $68.16 over 2017 levels or $5.68 per month.

For every tax dollar spent:

  • $0.40 is retained by the Township of Springwater;
  • $0.34 goes to the County of Simcoe,
  • $0.20 goes towards Education; and
  • $0.06 is allocated towards Policing.

The 2018 Budget includes expenditures of $37.9 million which can be broken down into $18.6 million in operating expenses, $15.2 million in capital expenditures, $2.8 million for water operations and $1.3 million for wastewater operations. 

The operating budget includes additional funding to enhance the service levels offered by the Springwater Library. As a result of the increase, the hours of operation will be extended at all three branches.

The Capital Budget includes a number of improvements to roads, facilities and equipment in the Township. Included in the Capital Budget is $350,000 allocated to the construction of a splash pad located in Elmvale. 

Some additional highlights of the 2018 Capital Budget include: 

Capital Project Cost
Elmvale Lift Station $2,000,000
Albert St. (Agnes St. to east limit) – Phase 1 $1,431,220
Anten Mills Water Tower (dependent on grant) $1,100,000
Elmvale Wastewater Treatment Plant - Clarifier $822,000
Fire Station 2 / Public Works Yard 1 Upgrades $800,000
St. Patrick’s Subdivision – Phase 2 $770,000
Baseball Diamonds at Tree Nursery Sports Park $525,000
Replacement of Tandem Snowplough #18 $260,000

 

Once again, a 1% tax increase has been included in the operating budget to support capital infrastructure. These funds will be dedicated towards the future replacement of the Township’s roads, bridges, fleet, facilities and parks.

“This is a responsible budget that meets the needs and expectations of our residents, while also ensuring that we are planning for the future,” says Mayor Bill French. “Council and staff worked hard to find efficiencies in our operations to ensure that service levels were maintained while also being respectful of the financial pressures some of our residents may face.”

To learn more about the 2018 Budget please visit: www.springwater.ca/Budget2018

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