Bayshore Broadcasting Corporation
News Centre

News Centre

Tuesday, January 30, 2018

2018 Budget Sees Hike in Taxes, Water, Sewer

Saugeen Shores | by John Divinski  

Saugeen Shores Council has approved its $43.9-million-dollar Budget for 2018.

The tax rate is increasing 3% which means on an average assessed home of $282,000, the 2018 hike is $90.50.
Mayor Mike Smith says the numbers represent the blended tax rate which is made up of the taxes you pay to the school board, Bruce County and Saugeen Shores.
Deputy Mayor Luke Charbonneau says he's OK with the budget but wants to talk further about money put into reserves saying, "We shouldn't just pool up the money and at the same time, borrow money for other projects."
He hopes the $725,000 planned for reserves can be used to help pay off some projects coming up, rather than borrow cash and then have interest payments.
Mayor Smith agrees that debt financing should be avoided as much as possible.
However he says in the bigger picture, "It's always a combination, debt finance, reserves and taxation," to pay for projects within the municipality.
Water and sewer rates, which are based on user-pay, are going up as well.
Water levy will increase by 5% while sewer rates will go up 6%.
A tax levy bylaw will come back to council at a future date.

Bayshore Broadcasting Corporation
© 2018 Bayshore Broadcasting Corporation

Web Site by Websmart Inc