Budgets

2018 Budget

The 2018 Budget focuses on supporting Council’s five priority areas, with an emphasis on improving and sustaining existing infrastructure, continue a path towards organization and community sustainability so the Town is prepared for growth and increased service delivery demands/needs. We continue to need to invest in basic services.

Affordability for our residents and businesses remains a focus in all decision-making.

    Budget Overview

    The Town of Lincoln's budget is comprised of:

    1. Expenses - the cost of delivering services, water and wastewater, and capital projects
    2. Revenue - funds the Town gets from other funding sources to offset expenses e.g., other levels of government, advertising/sponsorship, asset disposal
    3. Transfers from reserves - reserves are pockets of savings that are for specific uses - e.g., water/wasterwater reserve, development charge reserve

    Budget Impact to property taxes

    Lincoln’s tax bill accounts for three agencies. In addition to the Town of Lincoln's portion (35.4%) of the tax bill, property taxes pay for the delivery of community programs and services by Niagara Region (50.4%) and the school boards (14.2%). Therefore, the impact to property taxes is a combination of these three agencies. Often referred to as a blended rate and this is what a resident will see on their tax bill.

    Therefore, this year, the budget impact (2.84% blended rate increase) to a property tax bill are, per property assessment values of:
    $100,000 = $34.84
    $250,000 = $87.11
    $375,000 = $130.67
    $450,000 = $156.80

    Lincoln remains the 3rd most affordable municipality in Niagara when considering municipal property taxes and rates as a percentage of household income.

    Value for money

    A portion of every tax dollar is used to provide a wide range of programs and services to ensure a high quality of life for residents.

    For every $1 of the Town's portion of your tax bill:

    2 cents economic development
    4 cents health & social services (cemeteries, Lincoln Centre)
    4 cents planning & development
    7 cents library
    12 cents fire services
    17 cents civic administration (Council, Finance, Admin, CAO's office, and Clerks)
    25 cents parks, recreation, and culture
    29 cents roads & sidewalks
     

    Budget by the numbers

    breakdown of 2018 budget. For full details call 905-563-8205.

    Town's portion breakdown of the property tax bill - total of a 5.6% increase

    Note: The projected budget/tax levy on this page includes the Assessment Growth projection of 1.2%

    Water & Wastewater rates

    2018 Capital Budget & Projects

    Factors impacting budget and property taxes

    Did you know?

    • Lincoln is the 4th fastest growing municipality in Niagara
    • Interestingly, while the 4th fastest growing, Lincoln is the 3rd lowest in property taxes per household
    • Lincoln’s population currently sits just under 24,000 and is increasing by approximately 50% to over 32,000 in the next 15 years
    • The largest portion of Lincoln’s population is between the ages of 15-64 (62%), followed by 65 plus (21%) and then 0-14 (17%), with average age of 43.
    • Lincoln ranks in the high category of building construction, along with Grimsby and Niagara-on-the-Lake

    Why is this important?

    • As Lincoln continues to grow, so do the service demands of the Town
    • Utilities, supplies and materials are costing more across Ontario
    • These factors have a direct impact on the operations of the Town and our obligation to invest in our community for future years

     

    4800 South Service Road
    Beamsville, Ontario
    L0R 1B1
      

    TEL: 905-563-8205
    FAX: 905-563-6566
    Emergency After-hours: 905-641-0971
    info@lincoln.ca

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