Collingwood residents are looking at a 2 per cent tax rate increase for 2022.
That means for an average home assessed of $327,000, residents can expect an increase of about 46 dollars for the year.
Council and Staff would like to thank all residents and stakeholders who participated in the public survey and provided feedback during the November 30th and December 13th public meetings, as well as online engagement throughout the budget review process.
“The budget process started in early fall and involved significant public engagement,” Mayor Brian Saunderson said. “Council and Staff worked very hard to keep the tax rate increase to 2 percent. This budget continues this Council’s commitment to fiscal responsibility and is responsive to our community’s priorities as identified through the public engagement and the Community Based Strategic Plan”.
The 2022 operating budget is comprised of $64.3 million in operating expenses and $51.6 million in capital expenses. Service enhancements include a new Affordable housing reserve fund and the Business Accelerator Program. Major capital projects include the completion of Sunset Point Park Playground, the Harbourview Splashpad and the start of the Water Treatment Plant expansion.
For more information please visit www.collingwood.ca.
Council approved the 2022 Operating & Capital budgets with a 2.0% tax rate increase on the municipal portion of property taxes. We would like to thank all residents and stakeholders who participated in all of the public engagement opportunities. https://t.co/jh825eLGXN pic.twitter.com/o8uUlnLBZC
— Town of Collingwood (@TownCollingwood) December 22, 2021