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Date: Nov 24, 2022
For Immediate Release November 24, 2022
Town of Erin Budget 2023 proposes 4.5% property tax levy
ERIN, ON: The Town of Erin staff today proposed a 4.5% or $355k increase in total town property tax levy, maintaining a rate that is well below the current rate of inflation. A 4.5% tax rate increase translates to approximately $84.60 annual increase in taxes for an average residential home assessed at $600k.
The Town of Erin’s total proposed Budget for 2023 is $53.3million, consisting of $13.8 million in operating budget (maintenance, utilities, salaries and reserves) and $39.5 million in capital budget (major repair and purchase, replacement of assets such as roads, bridges).
See Proposed Budget 2023 here.
Highlights
- Tax levy less than inflation
- $875k towards roads equipment
- $450k towards Fire and Emergency Services
Some of the Capital Projects identified and recommended for 2023 include:
- Culvert 2053 replacement (27th Sideroad)
- IT system upgrades
Additional recommendations that are not funded through the property tax levy
- Water Meter Replacement (funded from Water Reserves)
- Water Capital Equipment (funded from Water Reserves)
- Wastewater treatment plant and collection system (funded through the financial agreements with the development community)
Quote
Erin Town Council understands that our taxpayers, especially those on fixed income, continue to feel the impacts of COVID19 and the rising heating, fuel and food costs are far above the rate of inflation. Keeping that in mind, as we look into Budget 2023, our aim is to stay focused on being fiscally responsible while respecting our taxpayers. We want to continue maintaining service delivery to our taxpayers and investing in infrastructure renewal of our aging assets. We intend to keep our taxes as low as practicable and continue to respond to the demands of a growing community.
- Mayor Michael Dehn