Town Approves 2016 Budget
Tuesday, January 26, 2016
Town of Whitchurch-Stouffville Council unanimously approves $97.3 million operating and capital budget for 2016
Town invests in new staff, roads maintenance and Leisure Centre and Library expansion
Whitchurch-Stouffville, ON – Town of Whitchurch-Stouffville Council has approved a $97.3 million budget for 2016 which includes approximately $38.3 million in new funding for capital projects and approximately $59 million to maintain and operate Town services.
“The 2016 Budget provides our residents and businesses with continued high quality services in areas such as fire and emergency services, roads and sidewalk maintenance, and parks and recreation facilities,” said Mayor Justin Altmann. “Whitchurch-Stouffville Council undertook a cautious and prudent approach to draft, update and pass a budget that continues to invest in our Town, now and in future years.”
The 2016 Business Plan and Operating Budget includes a 1.97 per cent tax levy increase, where Council added 1.50 per cent additional contribution to capital reserves for a total 3.47 per cent tax increase. This translates to approximate $67 in higher taxes (Town portion only) for an average detached single family residential house with an assessed value of $575,000.
“The 2016 Business Plan and Budget provides a fiscally sound approach and addresses increased demand for services across our community,” said Chief Administrative Officer Marc Pourvahidi. “The Budget, which includes a contribution to capital reserves for future asset rehabilitation and projects identified in the 10-year Capital Plan, includes a tax levy increase that is in line with many comparable Greater Toronto and Hamilton Area municipalities.”
Operating Budget highlights include:
• $6.1 million for Leisure and Community Services
• $5.2 million for the annual provision of Fire and Emergency Services across 206 square kilometres
• $4.0 million for the maintenance of more than 480 lane kilometres of roads
• $1.2 million to provide curbside waste collection to more than 15,000 households
Capital Budget highlights include:
• $14.41 million for Leisure Centre and Library expansion
• $13.90 million for road rehabilitation, repair and maintenance
• $3.39 million allocated to parks
The estimated Town Annual Repayment Limit (ARL) ratio for 2016 will be 8 per cent which is one per cent lower than in 2015 because the Town’s revenues are rising.
Media Contact: Liz Araujo | Manager of Finance/Treasurer
Phone: 905-640-1910 or 1-855-642 8697 Ext. 2243 | Email: email@example.com