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Debt, salaries, policing lead hikes in draft budget

Posted January 7, 2019

New Tecumseth's draft 2019 budget would add $57 to the local portion of the municipal tax bill an increase of 2.58 per cent on a home with an average assessed value of $420,685.

The tax hike is required to finance a $34.9 million levy, up $2.67 million over 2018 to fund a $46 million operating and capital budget. Taxation increases by one per cent for every $340,401 in new spending.

The draft budget, which will be presented to council this Thursday (Jan. 10) during a working session, proposes $15.1 million in new long term debt, including $8.08 million for the new administration centre at the former Alliston Union Public School site.

Labour costs are proposed to be $19.4 million, an increase of $1.2 mllion.

"Salaries and benefits have increased by $400K as a result of applying a proposed 1.5 per cent COLA, Staff Grid progression, and two per cent benefit inflation factor. The COLA was in line with comparative municipalities," according to the budget package. "As well the proposed Service Enhancement Requests regarding staffing adjustments resulted in a net tax increase of $471K, several of these positions were identified in the Development Charge Study as eligible. There was also a separate allowance of $230K created to fund the implementation of the Compensation review in the 2019 budget."

New Tecumseth's OPP service contract in 2019 is $5.9 million, an increase of $381,378.

The proposed capital project list totals $29.2 million, which will require $15.1 million in long term debt to fund shortfalls from reserve funds.

Major projects include:
New administration centre, $8.08 million;
Tottenham Arena floor and ice plant replacement, $1.7 million;
Road improvement program $3.5 million;
Collingwood WTP upgrads $1.5 million;
Water, wastewater pipeline relocation Beeton Creek crossing, $1.9 million;
Fire Station 4, $2.66 million; and
Mill Street reconstruction, $1.1 million.

Click here to view the full budget package

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All stories, unless otherwise noted,
by Tony Veltri