Saugeen Shores council is pretty well where it wants to be, after the draft capital budget was presented by staff.
Bayshore Broadcasting News reporter John Divinski says, coupled with the operating budget, it appears a 3% blended tax rate hike is in the works for taxpayers in 2020.
According to a summary sheet prepared by town staff, the capital budget stands at 9.3-million-dollars of which just over 1.5-million would be raised through taxation.
Mayor Luke Charbonneau says staff has been instructed to come back with a blended tax rate increase of no more than 3% “with a $750,000 additional increase” to the town's Legacy Fund.
A 3% blended tax rate last year saw an average assessed home of $310,000 incur just over $100 more in taxes in 2019.
A blended rate takes into account the Bruce County and education budgets, but those budgets are not completed yet.
If you're wondering about the Saugeen Shores Legacy Fund it's a fund that will ultimately make sure the town can build a new pool as well as other recreation infrastructure and other infrastructure in the future.
The capital budget calls for plenty of roadwork in 2020 along with maintenance and repairs on the town's existing infrastructure.
A final operating and capital budget will be presented to council in February next year.