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Date: Dec 08, 2022
For Immediate Release
Erin Council approves 2.5% property tax levy for 2023
ERIN, ON: Erin Town Council today approved Budget 2023 and a 2.5% or $196k increase in total town property tax levy. A 2.5% tax rate increase translates to approximately $45 annual increase in taxes for an average residential home assessed at $600k.
Highlights
- $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
Our priority, while considering this budget, was our residents and businesses who continue to feel the impacts of COVID19 and current high inflationary pressures. It was important that we kept our taxes as low as practicable without comprising any of our service delivery. We used our tax rate stabilization reserve to reduce our taxes to 2.5% and stay focused on being fiscally responsible while respecting our taxpayers.
- Mayor Michael Dehn