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Draft tax rate increase for Asphodel-Norwood Township less than 1%

·2 min read

NORWOOD — Asphodel-Norwood Township council will consider giving final approval at a Dec. 14 meeting to the township’s draft 2022 municipal operating and capital budget which proposes a 0.91 per cent tax rate increase for residents.

This equates to a $1.12 monthly tax rate increase for the municipal tax portion on an average property — based on a $211,944.83 assessment — in the township, but does not include potential increases from Peterborough County, the education rate and Municipal Property Assessment Corporation assessment changes.

The township’s operating budget accounts for 87 per cent of the total and the capital budget accounts for 13 per cent.

“That’s the funny thing,” said Mayor Rodger Bonneau. “When you go to get elected and you’re running, you think you can change the world and then all of a sudden reality hits you and you go, oh, gee, 87 per cent of the taxes are already spent. So, you really have to plan for the future with the 13 per cent that could be there, but it’s partially spent already, too.”

The estimated reserve budget for 2021 is a little less than $4.5 million, while the 2022 estimated reserve budget is slightly above $4 million.

Candice White, chief administrative officer, noted the township has “healthy” reserves and it’s time to put those reserves back into the community.

With a budget increase at less Bonneau said.

“Going forward you still need to have something to ask of taxpayers in order to run a business, and this is a business that needs to be run and it’s being run very well,” Bonneau said.

“I’m glad we’re doing the best that we can for our residents and it’s proof in the pudding by how this report has come to us.”

Council will also consider giving final approval to the township’s draft 2022 Norwood water, Norwood sewer and Trentview Estates water budgets at the same meeting later this month.

The proposed budget for Norwood water and sewer has a net balance of zero “due to revenues balancing the cost of operating expenditures and capital, thus allowing for a zero impact on the tax base,” stated White’s report to council.

Brendan Burke is a staff reporter at the Examiner. His reporting is funded by the Canadian government through its Local Journalism Initiative. Reach him at bburke@metroland.com.

Brendan Burke, Local Journalism Initiative Reporter, The Peterborough Examiner

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