2023 Business Plan & Budget adopted

News Release Date: February 28, 2023 

New Tecumseth adopts 2023 Business Plan & Budget

NEW TECUMSETH, ON – The Town of New Tecumseth adopted its 2023 Business Plan and Budget at its February 27th Council meeting. 

The approved 2023 Budget reflects a net operating and capital levy of $40.2M resulting in a 1.29% general levy increase. The Town’s capital levy dedicated to asset replacement increases the levy by an additional 2%. 

The impact on the average New Tecumseth residential property, including County and Education components, would be a total property tax payment of $4,503. This is an annual blended increase of 2.80 % and represents an increase of approximately $123 per year. 

Key Operating Highlights include:

  • Increased investment in asset replacement reserves
  • Increased cost of service delivery, market price increases
  • Reduction in administration and service areas costs

The Town budget includes $39.4M in capital consisting of 64 projects, funded from a variety of sources such as reserves $2M, development charges $13.5M, debentures $8.6M, grants $4.2M and tax $600K. 

Significant 2023 capital works include:

  • New Parks and Upgrades - $2M
  • Recreation Facility Upgrades - $1M
  • Investment in Roads and Bridge Reconstruction - $3.3M
  • Fire Large Apparatus Replacement $1.7M
  • 2023 Road Improvement Program - $3.5M
  • Tottenham Conservation Area Upper Washroom Construction - $1.3M
  • Alliston Wastewater Treatment Plant Clarifiers Rehabilitation $6.8M
  • Brendan Holly Wastewater Treatment Facility Biosolids Storage Expansion $3.7M
  • Maple Lane Pumping Station Rehabilitation $4.1M
  • Groundwater Well Optimization $2.6M 

The Water and Wastewater budget approval results in an 8% increase to water and wastewater rates effective April 1, 2023. The impact of the proposed rate change for an average residential home using 200 cubic meters of water per year is approximately $76. 

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