Town of Erin Budget 2022 proposes 2.9% property tax levy

Date: Dec 07, 2021

For Immediate Release                                                                                                       

Town of Erin Budget 2022 proposes 2.9% property tax levy

ERIN, ON: The Town of Erin staff today proposed a 2.9% or $223k increase in total town property tax levy, maintaining a rate that is well below the current rate of inflation. A 2.9% tax rate increase translates to approximately $52.99 annual increase in taxes for an average residential home assessed at $600k.

The Town of Erin’s total Budget for 2022 is $45.9 million, consisting of $13.3 million in operating budget (maintenance, utilities, salaries and reserves) and $32.6 million in capital budget (major repair and purchase, replacement of assets such as roads, bridges)

Highlights

• Tax levy less than inflation
• $920k towards roads maintenance
• $975k towards Fire and Emergency Services

Some of the Capital Projects identified and recommended for 2022 include:

• Hillsburgh Community Centre
• Bridge 5 (2nd Line South Erin)
• Water Meter Replacement (not part of property tax levy; funded from water reserves)
• Water Capital Equipment (not part of property tax levy; funded from water reserves)
• Wastewater treatment plant  and collection system (not part of property tax levy; funded through the financial agreements with the development community)

Read report here.

Quotes

Staff worked hard to bring forward a balanced budget that continues to deliver value for money for our residents while making strategic investments that are needed to move us forward. This budget allows us to keep our taxes below the rate of inflation and continue to respond to the ongoing pandemic impacts.

- Mayor Allan Alls

                                                                                   - 30 –

The Town of Erin is home to nearly 12,000 rural and urban residents. It is focused on achieving stable growth and long-term sustainability, while creating a prosperous, healthy, environmentally progressive, livable, and inviting community through well managed municipal services, programs, assets and amenities.