After several meetings, and consultation with the community, Tillsonburg Town Council reached a consensus Monday on its 2020 Budget and Business Plans.
“Budget deliberations are always challenging and exciting,” said Mayor Stephen Molnar in a media release. “We try to achieve a balance between planning for the future and addressing immediate needs, while remaining committed to the vision in our Community Strategic Plan.”
The Town of Tillsonburg will increase the municipal tax levy by 1.86 percent in 2020. In addition, residents who have seen an increase in the assessed value of their properties – as determined by Municipal Property Assessment Corporation – will see an additional increase.
Budget highlights include:
• $8.5 million in capital projects, funded in part through grants from other levels of government.
• Refurbishments at Lake Lisgar Water Park (including a new slide).
• Redevelopment of Concession Street West (Rolph Street to Charlotte Avenue).
• King’s Highway Connecting Link project on Oxford/Simcoe Street.
• Expansion of T:GO transit program and introduction of Regional Transportation initiative (April 2020).
• Introduction of 37-acre serviced Industrial Park.
• Continued residential development in various sectors.
• Enhanced (aquatics) opportunities for all demographics.
• Operational enhancements through Regional Government service review.
“We continue to focus on an open and transparent environment where all stakeholders have the opportunity for direct input,” said Molnar, noting that “three major themes continue to guide the budget process: service excellence to the public, continuous improvement from an operational perspective and responsible capital investment in infrastructure.”
The 2020 Budget increased $875,000 from 2019 figures. The tax requirement in 2020 will be $16,010,700 compared to $15,718,000 in 2019.
Infrastructure continues to be a priority throughout 2020, with Council investing an additional $330,000 into the Asset Management Plan.
“While municipal governments across Canada continue to face an infrastructure deficit, our priority to fund a responsible Asset Management Plan, while continuing to focus on debt reduction, demonstrates a responsible approach to enhancing opportunities available in Tillsonburg for all our citizens and stakeholders.”