2022 Operating and Capital Budgets Approved
South Stormont, ON – On Wednesday, December 15, 2021, Council for the Township of South Stormont officially adopted the 2022 Municipal Operating and Capital Budgets. The 2022 budget represents a 3% municipal tax rate increase.
Some of the capital projects scheduled for 2022 are:
- Maloney Road reconstruction
- Headline Road asphalt overlay
- Lefebvre Road Bridge reconstruction
- Lakeside Drive reconstruction
- Waterfront Development Plan supporting studies, design and placemaking improvements
- Long Sault Industrial Park stormwater management pond and expansion studies
- Park and playground improvements to 8 parks
- Pumper Tanker for Fire Department
- Savings Street reconstruction
- Hunters Road culvert engineering
- Beaver Dam Road asphalt overlay
Beginning in 2021, the Township shifted to a multi-year budgeting process. The multi-year process allows Council to establish a blueprint for spending over multiple years and provides greater predictability. While forecasting and projecting future costs allows for improved planning, the budget is reviewed and annually approved by Council. Such review and approval allows for amendments and flexibility should priorities shift or unforeseen circumstances demand.
“We are thankful for the effort staff has put in to prepare a responsible budget that addresses the needs of the municipality, while maintaining an increase significantly below Ontario’s Cost of Living increases over the last year,” said Mayor Bryan McGillis. “While we all wish we could operate without increases, the reality is these projects and services are necessary for our municipality, and gradual and responsible increases are required in order to mitigate those rising costs.”
The final 2022 budget represents an increase of $29 to the municipal portion of the annual taxes for a residential property with a median Municipal Property Assessment Corporation (MPAC) assessment of $206,000. Individual homeowners’ tax increases are dependent on the latest assessment values provided by MPAC. If there was no change in assessment, the increase is 3% over last year’s municipal portion of the tax bill. If there was a change in assessed value during 2021 the change to an individual tax bill may be higher or lower than 3% based on the final assessed value provided by MPAC.
Total tax rate adjustments for residents of South Stormont aren’t fully known as of yet. The final tax rate will be available when the United Counties of Stormont, Dundas and Glengarry and the Provincial education tax rates are established.