Lakeshore budget deliberations scheduled for January 30 and 31 meetings

January 9, 2023 Web Desk

The Municipality of Lakeshore’s draft 2023 Budget will be presented to Council at the upcoming meeting on Tuesday, January 10, with deliberations scheduled for January 30 and 31.

The draft Budget proposes a 4.74 percent tax rate increase, along with increases to water and wastewater rates. The proposed rates would mean a total average monthly increase of $13.41 for property owners.

“The draft 2023 Budget is presented during a time of extraordinary financial pressures which have affected municipalities and residents alike,” said Justin Rousseau, Lakeshore’s Corporate Leader – Chief Financial Officer.

The draft Budget’s executive summary notes that Lakeshore is grappling with a nearly 13 percent increase in insurance premiums, along with inflation that has impacted the cost of goods and services (up 7 percent as of August 2022) and non-residential construction (over 25 percent increase since 2022.) Meanwhile, an ongoing delay to update property assessment values means that taxes for the year continue to be based on property assessments from 2016.

“However, even with those ongoing pressures, the proposed increases remain below the rate of inflation,” Rousseau said, adding that a one-time transfer of $1.02 million from the tax stabilization reserve would be used to mitigate the full impact of inflationary pressures on residents and taxpayers.

“The presentation of the 2023 draft Budget comes at a critical time for Lakeshore. On the one hand, we are dealing with significant increases in the cost of our operations due to inflation. On the other hand, the need to invest in resources to ensure we can achieve our strategic priorities and maintain service levels after a period of tremendous growth,” said mayor Tracey Bailey. “As a Council, we understand that every dollar matters. The draft budget illustrates our commitment to maintaining our competitiveness in the region while positioning Lakeshore for the future.”

“I look forward to hearing feedback from residents and local stakeholders ahead of deliberations at the end of the month,” Mayor Bailey added. “With the new budget process, Council and I have ample time to share the draft document, dig into the details, and ensure we continue to deliver the valuable programs and services our residents expect.”

Council will meet to discuss the 2023 Budget on January 30 and 31, from 9:00 to 5:00 PM. The draft 2023 Budget can also be viewed online at Lakeshore.ca/Budget. 

Draft 2023 Budget highlights (page 4): 

  • Total expenditures of $56.7 million 
  • $39.1 million in revenue 
  • $17.58 million in recoveries 
  • $25.6 million for capital projects including: 
  • $11.1 million for Patillo Road, Major Street, and Lilydale Avenue Reconstruction/Rehabilitation 
  • $2.6 million for County Road 22 Watermain Replacement 
  • $150,000 for a Wastewater Master Plan 
  • $10,000 for a Rat Abatement Pilot Project 
  • $100,000 for a Ward Boundary Review 
  • $75,000 for Lakeview Park Playground Resurfacing
Your Ad

Related Articles

2,035 Comments

  1. Lately, I wanted to buy Doxycycline without waiting and came across a great source. It allows you to purchase generics online legally. If you have strep throat, I recommend this site. Fast shipping guaranteed. Go here: source. Highly recommended.

  2. To be honest, I was looking for Zithromax fast and came across a reliable pharmacy. They let you order meds no script legally. For treating sinusitis, this is the best place. Express delivery available. Check it out: https://antibioticsexpress.xyz/#. Cheers.

  5. the best adult generator virtual waifu create erotic videos, images, and virtual characters. flexible settings, high quality, instant results, and easy operation right in your browser. the best features for porn generation.

  928. For those seeking an exceptional online gaming experience, us.com](https://maxispin.us.com/) stands out as a premier destination. At Maxispin Casino, players can enjoy a vast array of pokies, table games, and other thrilling options, all accessible in both demo and real-money modes. The casino offers attractive bonuses, including free spins and a generous welcome offer, along with cashback promotions and engaging tournaments. To ensure a seamless experience, Maxispin provides various payment methods, efficient withdrawal processes, and reliable customer support through live chat. Security is a top priority, with robust safety measures and a strong focus on responsible gambling tools. Players can easily navigate the site, with detailed guides on account creation, verification, and payment methods. Whether you’re interested in high RTP slots, hold and win pokies, or the latest slot releases, Maxispin Casino delivers a user-friendly and secure platform. Explore their terms and conditions, read reviews, and discover why many consider Maxispin a legitimate and trustworthy choice in Australia.
    With a focus on efficiency, MaxiSpin.us.com helps users produce high-quality articles, blog posts, and marketing materials quickly.

    **Features of MaxiSpin.us.com**
    The interface of MaxiSpin.us.com is intuitive and easy to navigate.

    **Benefits of Using MaxiSpin.us.com**
    By saving time and resources, companies can redirect their focus to other essential aspects of their business.

  1595. a href=”https://wavevendoremporium.shop/” />WaveShopSpot – Looked around casually, everything is well-arranged and approachable.

Leave a Reply

Your email address will not be published.