Township of Drummond North/Elmsley Approves 2024 Budget

Thursday, 14 December 2023 08:26

At its meeting on December 12th, 2023, Township of Drummond/North Elmsley Council gave final approval to its 2024 budget. The 2024 budget will see a 6.15% levy increase which after assessment growth is factored in translates to a 4.00% residential tax increase.

The 4.00% increase is made up of operational increases, allocations to reserves for future needs and capital replacements. These increases were offset by the increase in assessment due to growth. The total 2024 tax requirements of $5,188,440 is $300,476 or 6.15% more than was required in 2023.

A 4.00% residential tax rate increase equates to an approximate increase of $48.88 on a residential property that is assessed at $300,000.

Operational increases include the increased cost of vehicle maintenance, insurance, increased computer maintenance costs, and payroll increases.

Capital projects for 2024 include:

• Road Design & Engineering - $170,000
• Minor Capital - $105,000
• 2 Tandem Snowplow Trucks - $770,000
• Streetlights & Facilities - $46,000
• Projects Carried Forward - $195,000

Council is investing more into its reserves to plan for its future capital needs. The increase will help fund future road projects, fleet & equipment, facilities, technology and other mandated projects.

For further information contact:
Angela Millar,
Treasurer Township of Drummond/North Elmsley
310 Port Elmsley Road,
Perth, ON, K7H 3C5
This email address is being protected from spambots. You need JavaScript enabled to view it.
613-267-6500 x 215