The Citizen, 2007-04-26, Page 18Huron East officially adopted thebudget for 2007 at their April 17meeting, making no changes fromtheir last draft.The tax increase was left where itwas, at a 13 per cent increase across
the municipality. After factoring in
all of the numbers, including water
and sewer, taxes, costs and reserves
leading to a general budget of
approximately $6.6 million.
As suspected, several of the
reserves are much lower due to the
large amount of spending the munic-
ipality had to do in the 2007 budget.
After using $730,000 from theequipment reserve, Huron East isleft with just $268,524.Overall, council contributed$909,388 to reserves in 2006 andalready $385,822 in 2007. However,
they used $619,611 from reserves in
2006 and now $1.33 million in 2007.
When factoring in all reserves in
Huron East, the municipality now
has a bottom line of nearly $4.5 mil-
lion spread out over all reserves.
Treasurer Brad Knight made sure
to point out that the majority of the
municipality’s money is coming
from the Ontario MunicipalPartnership Fund. Huron East ispicking up over $3.1 million fromOMPF, which is over $1.2 millionmore than the next lowest munici-pality.
Knight said it may surprise
ratepayers to know that OMPF
money generates far more in revenue
than the tax levy does.
With OMPF generating
$3,154,832 or 48 per cent of the gen-
eral budget, it is by far the largest
contributor. The general tax levy
brings $1,762,500 into the munici-
pality, 27 per cent of the budget. Therest of the budget is comprised ofmoney from reserves and othersources of funding.When the total tax rates are brokendown by area in Huron East, four of
the areas are looking at an increase
that should still keep Huron East’s
tax rates among the lowest in the
county. Seaforth’s total rate is set to
go down 4.2 per cent in 2007.
Brussels will go up one per cent and
the three rural wards all have every
similar increases, with Grey going
up 3.2 per cent, McKillop going up
3.4 per cent and Tuckersmith rising3.6 per cent.These increased tax rates, coupledwith a decrease in area-rated taxa-tion makes for a total Huron Eastincrease of $52,272, or just 1.98 per
cent.
Knight expects the three rural
wards in Huron East to have the
three lowest tax rates in the county.
He also expects Brussels to be no
worse than 14th in the county, where
it was last year and Seaforth should
be no lower than 19th, a drop of one
position from 20th last year.
PAGE 18. THE CITIZEN, THURSDAY, APRIL 26, 2007.Huron East council accepts 13% tax increase
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