Halton Hills mayor says town’s 2022 budget is ‘reasonable and realistic’
Published December 14, 2021 at 3:17 pm
Halton Hills Town Council has approved the 2022 budget, which Mayor Rick Bonnette feels is “reasonable and realistic.”
At yesterday’s (Dec. 13) meeting, council approved the 2022 budget for the Town of Halton Hills with a blended tax rate increase of 2.85 per cent when combined with the predicted tax changes at Halton Region and school boards.
In total, the local Town tax increase is 4.57 per cent with an additional 0.67 per cent levy that is dedicated towards rising insurance premiums.
Residents can expect to see an overall increase of $141.39 in their property taxes for 2022, based on the Municipal Property Assessment Corporation’s (MPAC) 2016 Current Value Assessment (CVA) of $623,500 for the average residential property in Halton Hills.
“It has been a particularly challenging time given various pressures, but I feel that staff have brought forward a budget that is reasonable and realistic. Council discussed the proposed budget and asked some excellent questions of our staff. In the end, I feel we got to a good place,” said Mayor Rick Bonnette.
“I’m sure the insurance levy will not be popular, but this is a dedicated revenue source and I remind the community that we have supported the advocacy efforts of the Association of Municipalities (AMO) in calling on the Province to take action against rising insurance premiums. Staff have also put forward a comprehensive review of the insurance program in 2022.”
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The Town previously advised that the municipality’s annual cost of liability insurance premiums had grown by a total of $1 million over a five-year period, which represents an approximate 258 per cent increase over the same time frame.
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