Revealed Mar 03, 2023 • 3 minute learn
The $20.9 million in property taxes that Saugeen Shores residents can pay this yr to assist the marketing strategy and finances is a blended 6 p.c enhance over final yr, or $232 extra for a complete city, county and faculty board tax invoice of $4,149 on a property assessed at $314,000.
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The $20.9 million in property taxes that Saugeen Shores residents can pay this yr to assist the marketing strategy and finances is a blended 6 p.c enhance over final yr, or $232 extra for a complete city, county and faculty board tax invoice of $4,149 on a property assessed at $314,000.
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In a 7-2 vote Feb. 27, Saugeen Shores councillors authorized the City’s finances with its important tax enhance, pushed by inflation and rising costs and rates of interest
“The tax levy of $21 million combined with revenue budgeted at $21.4 million, net of expenses of $32 .4 million provides net income of just over $10 million,” mentioned Jim Bundschuh, the City’s director of company companies on the Feb. 27 committee of the entire assembly.
“This combined with the $53 million invested in capital will result in reserves reducing from $50.8 million at the beginning of the year to $45.5 million by the end of the year,” he mentioned.
The capital finances, funded via income, reserves and debt, represents a “significant investment” within the Aquatics & Wellness Centre, Lamont Sports activities Park Section 2 and Water Remedy Growth, workers mentioned in earlier finances talks.
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To mood the tax enhance this yr, council once more dipped into tax stabilization reserve however elevated the switch to $445,000 from the preliminary workers proposal of $355,000.
Deputy Mayor Diane Huber and rookie Coun. Justin Duhaime voted in opposition to the finances – Huber as a result of it consists of $550,000 from reserves to realign the doorway to North Shore harbour however doesn’t deal with the City’s growing old infrastructure.
Coun. Duhaime didn’t reply to requests for remark about his vote.
Huber made a movement to exclude $550,000 within the finances for realignment of the doorway to the harbour and car parking zone repairs.
“This is not the time to be allocating a half-a-million dollars towards parking when there seems to be two plans coming for areas immediately north and immediately south… and maybe we should wait for those plans before we spend an incredible amount of money….” Huber mentioned, referring to tasks to “reimagine” storm- ravaged North Shore Park and develop Cedar Crescent Village, a non-public venture on town-owned land at Port Elgin Principal Seaside.
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Coun. Dave Myette mentioned he additionally had reservations concerning the $550,000 car parking zone reconfiguration venture that he mentioned would profit a non-public particular person who proposes to resurrect a mini-tourist prepare on the seaside. He mentioned the venture is step one in relocating the street to make manner for a “proposed train station-confectionary business by a private individual.”
Coun. Bud Halpin mentioned he was not against doing the North Shore car parking zone work – however not this yr as a result of the City is already working to “re-imagine” North Shore Park and the parking on the adjoining Cedar Crescent Village.
“It would only make sense that you do all that re-imaging before you build the parking that’s going to be between the two,” Halpin mentioned, including they want to take a look at the entire image earlier than deciding what to do.
“I get nervous when we start about and say ‘we’re going to put this train in,’ …we should go through due process.”
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At this level Mayor Luke Charbonneau mentioned he needed to make it very clear that there’s “absolutely no decision has been made by council” on the prepare proposal and council would make any last resolution.
Charbonneau agreed they want a plan earlier than continuing with any work within the North Shore harbour space, however added they should have some cash within the finances as a result of the park is in a “very sad state” and desires funding within the car parking zone and entrance.
Charbonneau mentioned he’d prefer to see some cash within the finances for restoration of North Shore Park, past the $25,000 to rent a panorama architect to design the general imaginative and prescient for the realm.
The vote on Huber’s movement to chop the $550,000 misplaced on a 5-4 vote with No votes from Mayor Charbonneau, Vice Deputy Mayor Mike Myatt and Councillors Rachel Stack, John Divinski and Cheryl Grace. Voting with Huber have been Councillors Dave Myette, Justin Duhaime and Bud Halpin.
The movement to set the tax levy at $20.9 million and the levies for the Southampton and Port Elgin Enterprise Enchancment Areas handed on a 7-2 vote. Council is anticipated to cross the tax levy bylaw, setting tax charges, at its March 13 assembly.
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