06 Dec

County Council approves 2018 budget

Picton – Prince Edward County Council approved the 2018 municipal budget earlier today.

The approved operating budget of $52.6 million and capital budget of $15.7 million will require a net tax levy of $35.5 million. The combined 2018 operating and capital budget of $68.3 million represents an increase of 5.3 % over the 2017 budget and requires a tax increase of 3.5 % after taking real assessment growth into consideration.

The impact of the 2018 budget is an annual tax increase of approximately $30.66 for each $100,000 in assessed MPAC property value.

“The 2018 budget addresses the need to invest in our community while continuing to advance the long-term financial sustainability of the municipality,” says Robert Quaiff, Mayor, County of Prince Edward. “During three days of careful budget deliberations, Council had to make some tough decisions in the face of competing priorities and demands. In the end, Council arrived at a budget for 2018 that spends tax dollars in a responsible manner.”

Highlights of the 2018 budget include:

• Approximately $9 million in roads and bridges projects, including County Road 1 rehabilitation, County Road 14 rehabilitation, the second phase of Wilson Road reconstruction, Talbot Street reconstruction, various road surface treatment work, and Black River bridge rehabilitation.

• $250,000 investment in affordable housing projects and pilot programs.

• Extension of sidewalk snow removal to Cherry Valley and Milford.

• $750,000 for community, recreation, and heritage grants.

• Additional staffing complement to meet the demands from anticipated development growth.

“Overall, our operating budget is in good shape, but we continue to experience budget pressures, due in large part to our infrastructure deficit,” says James Hepburn, Chief Administrative Officer, County of Prince Edward. “A number of priority capital projects are unfinanced, and we continue to deplete our capital reserves. To address this issue, we will focus on updating The County’s asset management plan in 2018 with specific funding strategies.”    

Council also approved the budgets for water and wastewater services. The current rate model and plan adopted by Council in June 2017 is ensuring the long-term financial sustainability of The County’s water and wastewater services.

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For media inquiries, please contact Mark Kerr at 613.476.2148 ext. 1009 or by email at mkerr@pecounty.on.ca