MEDIA RELEASE - Council Approves 2018 Budget

Posted on Thursday December 21, 2017

Council held a public meeting on December 12, 2017 to present the 2018 draft budget.  The Municipality’s Treasurer, Rhonda Whitmarsh, gave a presentation highlighting key elements of the 2018 budget and the proposed 2018 tax rate change. The Director of Roads and Public Works, Guy Bourgon, then presented the 2018 Water and Sewer budget and the proposed water and sewer rates for 2018.  The presentations can be found on the Municipality’s website at www.mississippimills.ca.

 2018 Budget Highlights 

  • The Municipal operating and capital budget is $24.2 million and the Water and Sewer operating and capital budget is $4.7 million
  • Investments in infrastructure/capital included in the municipal budget total $9.7 million. 

 

  • Key items include:
    • Road reconstruction and rehabilitation-$1.5 million
    • Vehicle and equipment replacements- $1.1 million
    • Bridge and culvert rehabilitation-$3.6 million
    • Facility Work-$934,000
    • Park improvements-$422,000
    • Detailed design of Almonte Downtown Renewal Project-$175,000 (50%)

 

  • Investments in infrastructure/capital included in the Water and Sewer budget total $1.7 million. 

 

  • Key items include:
    • Watermain and Sanitary replacements on State and Martin Streets-$558,000
    • Detailed design of Almonte Downtown Renewal Project-$175,000 (50%)
    • Water and Sewer design and upgrades-$177,000
    • Menzie Street front ending agreement-$212,000.
    • Water Storage-$206,500

Budget deliberations began in early October with an all day budget meeting held on November 28th with Council and Senior Staff. Last night, Council approved the 2018 budget resulting in a municipal tax rate increase of 2% ($108) and a 3% increase to water and sewer rates ($29) for the average residential property owner. Council feels this budget reflects the expenditure targets included in the approved long term financial plans and asset management plans of the Municipality. 

For further information on the 2018 budget, please contact the Treasurer at rwhitmarsh@mississippimills.ca or at 613-256-2064 ext. 262.