The following was submitted by the Town of Perth
On Tuesday, December 12, the Council of the Town of Perth approved the 2024 budget, following extensive deliberation and consideration over multiple meetings between November and December. Council worked to find a balance in maintaining service levels, following through on planned and imperative capital projects, and providing grant funding to community groups while being aware of the current fiscal and inflationary strains both business owners and residents face.
Pressures due to continued inflation, supply shortages, diminishing reserves and new legislative changes placed a burden on the operating budget, leading Council to review cost-saving measures to minimize tax increases as much as possible.
”We know that significant financial pressures continue to persist for many of our community members as we approach 2024,” states Mayor Judy Brown. “We value the feedback provided by the public, the prudent and thoughtful input from Town Staff, and the collaborative efforts of Council in delivering the 2024 budget.”
Council approved a four per cent property tax increase and six per cent water and sewer rate increase as part of the budget. For the owner of a residential property in Perth assessed at $300,000, the total annual impact of the combined rate changes will be approximately $157 per year.
The residential property tax bill is broken down into three parts: Town services (accounting for 62 per cent of the property bill), Lanark County services (27 per cent), and education (11 per cent). Council has direct control over the Town’s services portion of the budget, and very limited influence over County services, as this level of government does not report to Council. Rather, Town Council has representation on County Council’s governing body – along with the County’s other municipal partners. Town Council has no influence over the education component of the budget as this is determined by the Province of Ontario.