Parry Sound Town Council unanimously approved the Town’s 2019 Operating and Capital Budgets at its regularly scheduled Council meeting on Tuesday night.
This follows a Special Budget meeting last Tuesday, April 9th, when Council reviewed and amended the original draft budget.
“The 2019 Budget maintains services to the public while balancing various competing interests”, said Mayor Jamie McGarvey.
“I am pleased that Council was able to fund a number of requests from the community in this year’s budget.”
The Town’s tax-supported 2019 Operating Budget is $13.6 million, a net increase of $398,915 over the 2018 Operating Budget.
The requirement to increase taxes is driven by an application to the Municipal Property Assessment Corporation resulting in certain properties being exempt from taxation, a council policy which allocates additional funds each year for infrastructure repair and replacement, and the Town’s 2019 Capital Budget being set at $5.7 million, recognizing that there is $12 million in approved projects carried forward from 2018.
A list of approved 2019 capital projects and community requests can be found on the Town’s website.
A Single-Family Home assessed at $194,000 in 2019, will pay approximately $2,621.78 in municipal taxes.
Assuming this same home was assessed at $193,000 in 2018, there will be an increase of $81.13 in municipal taxes.
For more information, contact Clayton Harris Chief Executive Officer for the Town of Parry Sound by email or 705-746-2101 Ext. 215