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Wednesday, January 23, 2019

$11.5-Million Draft Capital Budget For Saugeen Shores

Saugeen Shores | by John Divinski  

Blended tax rate hike of 3% in the works

A four-hour session on Saugeen Shores' draft capital budget and councillors are right where they want to be.

As it stands now, coupled with the operating budget, a 3% blended tax rate hike is in the works.

The capital budget for 2019 right now totals just over 11.5 million dollars of which 1.54-million is covered by taxation.

Saugeen Shores Mayor Luke Charbonneau says the amount of money taxpayers will be contributing to capital expenditures is virtually the same as last year.

He says the budget includes upgrades to Southampton's water plant operations, along with a lot of roadwork and othe projects that reflects council's priorities.

When it's all said and done Saugeen Shores operating and capital budget should result in a 3% blended tax rate which is an increase of $102.60 on an average assessed home of $310,000 

A blended rate takes into account the Bruce County and Education budgets, but those budgets are not completed yet.

Mayor Charbonneau says they've also approved $165,000 for consultants to come up with a design for the proposed outdoor sports complex at the former Lamont Pit grounds in south Port Elgin and 1.65-million for the construction of 4 ball diamonds.

Money for that project will come from reserves, development charges and debt financing rather than taxation.

What is hoped to be a final operating and capital budget will be presented to council during a regular council meeting in the weeks ahead.

 

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