The Town of Midland has rubberstamped its 2021 budget, which contains a 2.5 per cent property tax increase over last year.
This boils down to a $36 increase per $100,000 of assessed value in your home. For example, a home assessed at $300,000 would owe an extra $108.
“Each year Council and staff work to approve a budget that will continue to enhance our community’s way of life and build upon the services we offer, while also trying to minimize the tax levy impact on our residents,” said Mayor Stewart Strathearn. “We faced a new challenge this year in the COVID-19 pandemic, something that has impacted us all. With that in mind, Council tasked staff with developing a budget with a 2.5% tax increase or less, and I’m pleased to say we have achieved this goal while preserving our services and the additional community support contained within.”
The municipal budget is made up of two separate tallies: the operating budget, the part supported by taxpayer dollars, which comes in at $31,585,011; and the capital budget, this year at $9,218,680, which is not covered by property taxes. The former covers the cost of running a city, including snowplows and affordable housing, while the latter pays for such things as infrastructure creation and maintenance.
For 2021, many local municipal governments were able to pass a budget with a zero percent increase. This includes the County of Simcoe, Towns of Innisfil and of Bradford, and the City of Orillia. The City of Barrie passed a budget with a 0.9 percent increase this year, the lowest increase in 20 years.