Guelph, Ontario, December 5, 2017 – Earlier this evening, Council approved a $232,965,140 tax-supported operating budget representing a 2.45 per cent increase over last year’s budget, and a one per cent infrastructure levy to be funded half through a tax levy and half through a transfer from reserves.
“Staff was diligent in providing Council with a 2018 budget that is focused on what the City needs to drive prosperity, deliver programs and services that meet our residents’ expectations, and demonstrate financial sustainability,” said Trevor Lee, deputy chief administrative officer, Corporate Services.
The approved budget includes:
- $32 million transfer to capital from the operating budget, which includes approximately $2.2 million from the infrastructure levy
- nine new City additions at a cost of about $1.5 million including multi-residential waste collection and four paramedics for Guelph
- $77 million for Guelph’s Local Boards and Shared Services—Guelph Police Service, Guelph Public Library, Wellington-Dufferin-Guelph Public Health, The Elliott Community, and the County of Wellington for Social Services
For the second year in a row, Council approved the infrastructure levy to address the infrastructure backlog and ensure dedicated funds are available for future infrastructure needs.
“The approval of the 2018 infrastructure levy shows Council’s continued commitment to work toward sustainable funding to maintain our infrastructure,” said Scott Stewart, deputy chief administrative officer, Infrastructure, Development and Enterprise.
So what does the City’s 2018 budget mean for property taxes?
The answer to that question won’t be known until April. The budget increase isn’t necessarily equal to the property tax increase for 2018. Changes to property taxes will not be known until the City receives the final property tax roll from the Municipal Property Assessment Corporation (MPAC), and City Council approves the tax policy in April 2018 which sets the final tax rates by type of property. These items are vital to determining the 2018 property taxes.
The approved City budget represents the dollars the City needs to deliver the programs and services approved by Council.
The 2018 non-tax supported and capital budgets were approved on November 2. Council approved a 2.6 per cent increase to the stormwater, water and wastewater service rates and fees, and a capital budget of $90,308,062.
The City will post the final approved 2018 budget in January on guelph.ca/budget.
For more information
Treasurer, General Manager Finance
City of Guelph
519-822-1260, extension 2084