Springwater Council did some serious number crunching during budget deliberations for the coming year.
As a result, the 2020 budget shows a .25% reduction over the current year.
“Due to increased assessment revenue in the municipality and a comprehensive review of expenditures by staff, the Township was able to slightly reduce the tax levy over 2019, while ensuring that service levels remain the same and capital projects continue to move forward,” says Mayor Don Allen. “Staff and Council spent time reviewing every aspect of the budget to ensure that the needs of the municipality are met, while taking into account the financial pressures many people are facing at home. We continue to plan for the future by including an additional 1% in the operating budget to support the rehabilitation of capital infrastructure.”
Still, when county and education levies are tacked on, there will be a slight increase in taxes next year – .57% or $1.88 per month for the average household.
In 2020, residents will see road, traffic and infrastructure improvements throughout the Township and can expect to receive the same level of service with respect to fire and emergency services, winter road maintenance, libraries, recreation and by-law enforcement.
The budget includes expenditures of $43.9 million, which can be broken down into $20.9 million in operating expenses, $18.1 million in capital expenditures, $3.2 million for water operations and $1.6 million for wastewater operations.