Release from the Town of Innisfil
The Town of Innisfil Council unanimously passed the 2023/2024 capital and operating budget at the February 8 Council meeting which includes a 5.25 per cent municipal property tax increase in 2023 and 4.95 per cent in 2024.
“Council appreciates the work staff did to create a fiscally responsible budget that is mindful of the financial pressures faced by many of our residents,” says Mayor Lynn Dollin “Staff worked hard to create a budget of restraint and to maximize every efficiency, while still focusing on core services and planning for growth. Council spent countless hours reviewing the budget, asking key questions and digging deep to ensure this budget was the best and fairest for Innisfil residents.”
The approved budget equates to an annual increase in municipal taxes of $239.21 in 2023 and $237.22 in 2024 for the average household.
For every tax dollar collected:
- $0.46 is retained by the Town
- $0.13 goes to the South Simcoe Police Service
- $0.27 goes to the County of Simcoe
- $0.14 goes towards Education
Every two years the Town develops a service-based budget that identifies the cost of providing services to our community. The Town’s operating budget, excluding Police, includes $62M (2023) and $64.8M (2024) for the delivery of day-to-day services to residents and businesses, and a Capital Levy of $10.1M (2023) and $11.7M (2024) for the repair and replacement of assets. The capital budget of $68M (2023) and $53M (2024) looks ahead to identify the infrastructure needed to maintain and build Town assets.
The 2023/24 budget was originally presented to Council on December 14 followed by two full days of budget deliberations.
Highlights of the 2023/24 Operating budget include:
- Fire Protection - $8.8M
- Parks and Open Spaces - $3.2M
- Roads, Sidewalks and Winter Control - $6.2M
- Sports, Recreational Activities & Facilities - $9M
- Library Services - $3.9M
- Police - $12.8M
Key Capital Projects:
- Roads Rehabilitation - $19.4M
- Innisfil Beach Park Improvements - $6.2M
- 25th Sideroad Improvements - $11.3M
- Lockhart Road Improvements - $6.2M
Full details of the budget can be found at Budgets - Town of Innisfil.
