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2018 Budget Passed

Posted on Friday February 16, 2018

After several months of consultation, Tillsonburg Town Council has come to a consensus on the 2018 Budget and Business Plans.

“Budget deliberations are always challenging,” says Mayor Stephen Molnar. “But we’ve tried to achieve a balance between planning for the future and addressing immediate needs, while remaining committed to the vision in our Community Strategic Plan.”

The Town of Tillsonburg will increase the municipal tax levy by 1.95 percent in 2018. In addition, residents who have seen an increase in the assessed value of their properties—as determined by Municipal Property Assessment Corporation (MPAC)—will see an additional increase. 

“We strived to have an open and transparent process,” says Mayor Stephen Molnar, noting that three major themes continue to guide the budget process: service excellence to the public, improved organizational processes and capital investment in infrastructure.”

The 2018 Budget increased $825,900 from 2017 figures. The tax requirement in 2018 will be $14,815,000 compared to $13,989,100 in 2017.

Infrastructure continues to be a priority throughout 2018, with Council investing $337,000 into the Asset Management Plan.

“Municipal governments across Canada continue to face an infrastructure deficit and Tillsonburg is no exception,” says Molnar. “However, our commitment to funding a responsible Asset Management Plan while continuing to focus on debt reduction, demonstrates a responsible approach to enhancing opportunities available in Tillsonburg for all our citizens and stakeholders.”

 Other budget highlights include:

  • $12.2 million in capital projects, funded in part through grants from other levels of government
  • A new business park
  • An expanded beautification program including plantings and flower beds
  • Significant improvements to Bradburn Subdivision, Concession Street East and the Annandale Ball Fields
  • Significant renovations and updates to Lake Lisgar Waterpark
  • A new aerial fire truck ($1.4 million) will be ordered for delivery in 2019 replacing the 1998 model currently in service.

A $4 million energy retrofit program at the Tillsonburg Community Complex and a conversion to 100% LED streetlights is also planned, with costs covered through the energy savings that they generate.