Budgets

2018 Budget

2018 Pre-Budget Survey

We want to hear from you. As budget planning is underway for 2018, the Town is seeking feedback from the community surrounding the four themes above, specific to investment, service delivery, infrastructure and sustainability. 

The survey will take approximately 5 minutes.

2018 Pre-budget survey

The 2018 Budget planning will focus 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.

As such, the following themes will guide the 2018 budget planning:

  1. Accountability and Transparency - As a municipality, the Town must adopt and maintain generally accepted practices and procedures to best ensure accountability and transparency to the public.  Clear guidelines provide staff and taxpayers an understanding of how and why decisions are made, building trust in the organization. Ensuring Council’s decisions and Town business is communicated effectively enhances the organizations ability to engage residents.
  2. Financial Sustainability - The Town, like many other municipalities in Ontario, is faced with a number of issues including aging infrastructure, growth, inflationary pressures, and limited funding sources. In addition, uncertainty exists around external sources of funding, i.e. government grants and environmental regulatory changes.  The Town must consider the various funding sources available such as tax levy, user fees, reserves, and debt and how the management of these affect the long-term financial sustainability of the Town.
  3. Infrastructure Sustainability - Recognizing that there are only a limited number of funding sources, the Town must take a proactive approach to asset management by introducing innovative methods to enable the repair and replacement of existing infrastructure.
  4. Continued Focus on Service Delivery - Another objective of the budget process will be to make sure we can meet the public’s service delivery expectations while also trying to manage the long-term impact of the budget and financial well-being of the community.

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

Your Property Taxes 

On your Town property tax bill, you see a blended tax rate. This means that while Lincoln sets a certain tax rate increase, it is only on the Town’s portion of your tax bill. The diagram below shows the breakdown or blend of taxes.

Breakdown of taxes:

  • Lincoln’s portion 33.4%
  • Niagara Region’s portion 51.4% (Region & Region waste)
  • Education 15.3%

How are property tax rates calculated?

Assessed value of your property X tax rate set for your property class = property tax

 

 

 

 

 

 

Municipal tax rates - set based on the Town and Region budget each year

School board rates - set by the province

Property assessments – set by the Municipal Property Assessment Corporation (MPAC)

These three rates provide the foundation on which municipalities base property taxes. In other words:

  • Each municipality determines how much it costs to provide all the services in a community - such as parks, fire protection, roads and sidewalks
  • Once that's done, the municipality takes all of the property values and determines tax rates for different property types to secure enough funds to provide these services
  • This tax rate is then used to calculate how much property tax residents will pay to the municipality. In addition to the municipal tax rate, the Province of Ontario sets the education tax rate, and Niagara Region sets the regional municipality rate, which determines their portions of the property tax bill.

So why do property taxes change year over year?

Taxes may change due to one or a combination of these factors:

  • A change in the annual budget or requirements for municipal operations, Regional operations or education and waste management amounts
  • A particular property assessment (market value) changed more or less than the average

Ten-Year Capital Plan

2017-2026 Ten Year Capital Plan

The Town of Lincoln is responsible for providing and maintaining capital assets and infrastructure to serve our residents and businesses. This can only occur if we are sustainable in maintaining our capital infrastructure assets and our financial assets over the long-term.

Infrastructure is expensive to build or buy, renew or replace and our historic and current sources of revenue are not keeping pace with municipal infrastructure needs. Yet there are affordability limits to property taxes and user fees. Getting the most value out of every dollar spent on infrastructure is therefore critically important.  The Ten-Year Capital Plan provides that view and enables Council to make decisions in the shorter-term by understanding the impacts of those decisions on the Town’s future capital investment requirements.

The Plan is a guideline that provides guidance during the annual budget preparation process. It is meant to be a framework and is subject to change and finalization through committee and Council.  It will continue to be reviewed annually and updated to provide a starting point for the preparation of the annual budget.

The Ten-Year Capital Plan is intended to provide Council a fulsome overview, one with detail and analysis on what the overall needs are for sustainable capital infrastructure across the municipality.

The Ten-Year Capital Plan consists of a listing of capital projects, identified by year, along with the respective financing sources.  The process used to develop and update the Plan involved the following:

  • All capital projects were identified and cost estimates prepared or updated

  • Projects were distributed over the ten-year period in an effort to align them to needs, service requirements and funding

  • Projects were reviewed for financing requirements

  • Departmental staff aligned the requests and needs to ensure timing was phased and appropriate

  • The Plan was adjusted to fit needs and financing

The Plan is a guideline that provides guidance during the annual budget preparation process.  It will continue to be reviewed annually and updated to provide a starting point for the preparation of the annual budget.  It will also be updated to reflect any new government funding opportunities that may be introduced over the ten-year period.

Previous Budgets

2017 Budget Material:

2016 Capital and Operating Budget 

2016 Capital Budget

2016 Operating Budget

2015 Capital and Operating Budget:

2015 Capital Budget    

2015 Operating Budget       
 

 

 

                                  

                             
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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