Budget and Finances

The Town of New Tecumseth provides services and programs to our community based on the annual Town budget.

New Tecumseth adopts 2019 budgets

The Town of New Tecumseth adopted its 2019 Operating and Capital budgets at its February 11th Council meeting. The net Town taxation levy is $34.9 million, which represents a 2.66% increase after growth. The average home assessed at $420,685, will see an annual increase of approximately $59 for the Town portion of the property tax bill and excludes any property tax impact associated with Simcoe County and the Education School Boards.

The Town budget includes $29.4M in capital works including:

  • Fire Station 4 - phase two construction
  • Tottenham Library Branch
  • Tottenham Community and Fitness Centre - arena floor replacement
  • Increased funding for the Town's Roads Program
  • Tottenham Transmission Main/Mill St. Reservoir - improvements
  • Water & wastewater equipment upgrades
  • CP Crossing – upgrades / Beeton Creek Crossing - utility relocation
  • And many other capital requirements

The Water and Wastewater budget approval results in a 3% increase in water and wastewater rates effective April 1, 2019. The impact of the proposed rate change for an average residential home using 200 cubic meters of water is approximately $24.

Regarding the proposed budget item for phase two construction of the Administration Building, Council has directed staff to bring back a report with regard to building and location alternatives and costs to the March 18, 2019 Committee of the Whole meeting.

The Approved 2019, Town, Water and Wastewater Budget includes overviews and highlights of the 2019 budget such as, where your residential property taxes go, the impact on the average household, budget at a glance, department summaries and much more.

The Approved 2019 Budget incorporates Business Improvement Area Levies, supporting the following BIA budgets:

Financial statements

Our yearly financial statements are available as well, which have financial information for the Town, Library and Business Improvement Associations.

Cheque Summary Report 2018