Springwater Council approved the 2019 Budget & Business Plan at the Council Meeting on February 20, 2019.
Residents will see a 1.93% increase on the Township portion of their municipal property taxes in 2019. When combined with the County of Simcoe’s tax increase of 2%, the education rate—which is assumed to remain neutral—and the increasing policing charge, the blended tax increase is estimated at 1.76%.
The impact of the budget is a $67.18 increase over 2018 based on an average residential property valued at $451,393, or $14.88 per $100,000 of property assessment.
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
- $0.06 is allocated towards Policing
The budget includes expenditures of $40.7 million, which can be broken down into $20 million in operating expenses, $16.6 million in capital expenditures, $2.7 million for water operations and $1.4 million for wastewater operations.
“Springwater’s carefully-planned 2019 Budget invests in our growing municipality while continuing to provide families with the local services they rely on each day,” says Mayor Don Allen. “Council and staff worked hard to find efficiencies to keep the tax increase to a minimum and maintain necessary services. Included in the tax increase is 1% to support the renewal and rehabilitation of capital infrastructure, as we have done over the past 5 years.”
In 2019, Springwater residents will see road, traffic and other infrastructure improvements. This is in addition to the services residents expect, including fire and emergency services, winter road maintenance, libraries, recreation programs and by-law enforcement.