Oakville’s existing programs and services maintained with recommended 3.32 per cent tax increase

Staff recommended a 3.32 per cent total tax bill increase to the Budget Committee to protect existing program and service levels at a budget meeting held at Town Hall yesterday. The proposed increase includes previous financial commitments such as road pavement improvements, renovations to Queen Elizabeth Park Community Centre, annualization of costs associated with Sixteen Mile Sports Complex, and the completion of a new transit facility.

“Council is committed to ensuring that residents and businesses receive excellent value for their tax dollars while continuing to receive the programs and services that help make Oakville the most livable town in Canada,” said Oakville Mayor Rob Burton. “Public input will be crucial in providing guidance as to where our tax dollars should be spent.”

Staff is recommending a $311.6 million budget for both operating and capital requirements. The proposed 3.32 per cent tax increase would see residential property taxes increase by $33 per $100,000 of assessment. A home assessed at $400,000 will pay an additional $130 per year or $2.50 per week.

“The Budget Committee looks forward to hearing feedback from the community about the proposed budget,” said Councillor Tom Adams, chair of the Budget Committee. “We will be hosting both informal open houses and formal meetings in order to provide opportunities for public delegations. The dates will be published next week.”

The key budget challenges for 2011 are inflationary pressures, the slow recovery in development activity, costs of operating and maintaining new facilities, and the costs associated with infrastructure growth and renewal.

Some of the top capital projects include $15.3 million for the completion of the new transit facility; $10.9 million for the completion of Queen Elizabeth Park Community Centre; $3.8 million for road rehabilitation; and $16.6 million for the expansion of road capacity.

As part of the budget preparation process, staff was asked to identify additional budget reductions and viable options to accommodate an even lower tax increase. “The proposed 2011 budget includes $1.3 million in reductions identified by the Executive Management Team following a thorough review of all town programs and services,” explained Nancy Sully, deputy treasurer and director of Financial Planning for the Town of Oakville. “This budget also includes further options for reductions that will be discussed in detail as the budget process continues.”

Public meetings and delegations will be scheduled in January and February. Staff will present more detailed information to the Budget Committee on Thursday, February 3, 2011. Final approval will be made by Council in March.

Visit the 2011 Budget page for upcoming meeting dates, to view the budget documents or for additional budget information. For those who cannot attend the meetings in person, they will be streamed live over the Internet at TownTV.ca.

The 2011 Budget Committee will consider all submissions, whether in person, writing or email as part of their budget deliberations. Written comments for the committee can be sent to:

Town Clerk
Town of Oakville
P.O. Box 310
1225 Trafalgar Road
Oakville, ON L6J 5A6.

Alternately, residents can email their comments to budget2011@oakville.ca or fax 905-815-2004. 

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Media contacts

Nancy Sully
Deputy Treasurer and Director of
Financial Planning
905-845-6601, ext. 3143
nsully@oakville.ca

Janine Ivings
Senior Communications Advisor
Corporate Communications
905-845-6601, ext. 3005
jivings@oakville.ca


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Oakville’s existing programs and services maintained with recommended 3.32 per cent tax increase