Saturday, December 9, 2023
Statement from Mayor Adrian Foster on 2024-2027 budget
Mayor Adrian Foster
By Clarington Mayor Adrian Foster
Clarington, Ontario – Clarington Mayor Adrian Foster has issued the following statement on the Municipality’s first multi-year budget.
“I want to make something very clear: Clarington residents are getting a good deal on their property taxes. Compared to other nearby municipalities, Clarington has provided, and continues to provide, similar services at a significantly lower cost to the taxpayers.
Earlier this week, Clarington’s first four-year budget was adopted. I believe it is important to clarify how these figures impact your property tax bill. Clarington’s budget increase translates to about $67 per year for the average household.
Clarington’s annual budget increase will be 4.2 per cent, on average, per year from 2024 to 2027. The 4.2 per cent is the annual increase to Clarington’s total municipal budget, not your individual property tax bill. Clarington’s portion of your tax bill is about one-third of the total amount you pay. Clarington’s budget increase will result in a 1.5 per cent increase to your total property tax bill, or $67 more a year for the average home. The Region of Durham, which will also impact your tax bill, has yet to pass their budget.
If we compare to our municipal neighbours, Oshawa's 2024 budget increase will result in approximately $82 more for Oshawa’s median house assessment value. In an effort to offer full transparency to our residents, we will compare and release the dollar amount increases between Clarington and other Durham municipalities as they set their 2024 budgets in the new year.
Clarington now, and historically, has had amongst the lowest property taxes in Durham Region. Clarington is leading the way with a multi-year budget that provides residents stability and predictability over four years. I am confident that our budget will support and enhance the amazing quality of life we enjoy in our community, now and into the future.”
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment