Gananoque, ON: On January 23rd, 2018, the Council of the Town of Gananoque approved the 2018 Operating and Capital Budget with a 1.5% levy increase over 2017. The 2017 Municipal Tax Levy was $7,637,470 and the 2018 tax levy will be $7,752,032.
Highlights of the budget include:
The Ontario Municipal Partnership Fund (OMPF), which is the annual transfer payment from the Province to the Town, was reduced by $61,200 to $1,508,500. Since 2012, the annual transfer has been cut by $601,300, which is 7.8% of the 2018 tax levy.
Conversely, the Federal Gas Tax Grant allotment to the Town increased by $15,039 to $330,867 for 2018. These funds may be used for any capital projects, including Roads, Bridges, Water and Wastewater Projects, as long as they are identified in the Asset Management Plan.
The budget for Casino revenues remains at $1,700,000.
Departments and Boards were asked to adhere to the 1.5% cost of living increase as posted by Statistics Canada. In Total, the Tax Supported Operating Expenses are increasing 5%, but the Revenues are increasing 9% and the Operating Budget is balanced with a 1.5% levy increase. This includes a contribution to the Town’s Capital Reserves in the Amount of $414,378.
This budget is in line with the Town’s Strategic Plan, Sector 3 – Financial Sustainability that aims to ensure that Gananoque is and remains an affordable place to do business and raise a family by maintaining a competitive tax rate to attract businesses and by establishing yearly budgetary goals benchmarked at the Consumer Price Index. Since adopting the Strategic Plan, Council has met its target three years in a row with a 2% increase in 2016 and a 1.5% increase in 2017.
For more information contact: Erika Demchuk, Mayor Town of Gananoque 30 King Street East, Box 100 Gananoque, Ontario K7G 2T6 613-382-2149 ext. 1119