Media Release - Town Continues Budget Discussions

Town of Lincoln continues budget discussions

Lincoln, ON – (Nov. 22, 2017) – The Town of Lincoln continued budget discussions last night. Council heard from the Town’s Chief Administrative Officer and Treasurer on the projected 2018 operational budget and tax levy scenario.

Incorporating budget planning principles, affordability, budget pressures, community feedback, and Council priorities, staff presented a projected blended tax levy increase of 2.8%. The blended rate is the rate that residents see as a total on their tax bill. This rate includes the distribution of three service expenditures – Town of Lincoln (36%), Niagara Region services and waste (50%), and education (14%).

This rate means for households, assessed at $375,000, the portion of the tax bill that Lincoln controls results in a 5.6% increase or an $89 yearly increase to your tax bill. However, as a two-tier municipality system, the Town’s tax bill includes Regional and educational taxes as well, meaning that the overall projected impact to your yearly tax bill, at the 2.8% blended rate, would be $131, or $10.91 per month, $2.52 per week, and $0.36 per day. If you compare this to day-to-day purchases, this increase is approximately one XL coffee purchase per week.

To date, staff have been in front of Council five times for the 2018 budget, including budget planning, the 10-year capital plan, 2018 capital budget, budget engagement results, and now the 2018 operational budget.

Four themes have guided this year’s budget planning. The themes included: accountability and transparency; financial sustainability; infrastructure sustainability; and continued focus on service delivery. As always, affordability for our residents and businesses remains a focus in all decision-making. Budgets incorporate regulatory and mandated requirements, service delivery requirements, and long-term sustainability planning. Throughout the budget planning, staff have shared business drivers, identified to Council how business is being done differently for efficiencies, and continued budget pressures.

Budget pressures for the 2018 budget include maintaining service delivery levels between human resources, and the community’s growth and demand for service; changing legislation and regulatory implications such as the Employment Standards Act; long-term financial sustainability such as need to develop revenue sources and shift residential tax base to industrial and commercial; and prioritization of projects, studies and plans given the wide-spread community need.

The next budget meeting is Dec. 12, 2017, to present the final capital and operating budget for approval by Council. The Dec. 18, 2017, Council meeting is targeted for ratification of the 2018 operating and capital budget.

To stay informed on the Town’s budget planning, visit www.lincoln.ca, or follow @TownofLincolnON on Facebook and Twitter.

Quotes:

“This year’s proposed budget to date demonstrates Council’s vision to invest in the long-term sustainability of this community while balancing taxpayer affordability” said Chair of Budget Planning, Councillor JD Pachereva. “This budget commits to delivering high quality, customer-focused service, investing in infrastructure and achieving Council’s priorities.”

“Staff have the responsibility to provide Council with evidence-based information to make sound decisions on the financial well-being of the community,” said CAO Mike Kirkopoulos. “We believe this year’s proposed budget has been a deliberate exercise in enabling the organization to meet the needs of the community, in the short and long term.”

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Contact:

Carrie Beatty
Senior Communications Advisor
cbeatty@lincoln.ca
Cell: 905-401-5707

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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