Saturday, July 20, 2024

Stirling implements 50 per cent interim tax levy while working on high-cost 2024 budget

Stirling-Rawdon’s municipal offices after their Feb. 20, 2024 council meeting where they approved the 50 per cent interim tax levy for this year. –Emma Persaud photo

Stirling-Rawdon’s council approved a 50 per cent interim tax levy for the municipality in their Feb. 20 council meeting.

According to the Municipal Act, 2001, councils have the right to implement an interim levy of up to 50 per cent of the previous year’s taxes. This will help meet the financial needs of the community before the official tax levy is announced and collected later this year.

Residents in Stirling-Rawdon are expected to pay 50 per cent of the tax amount from 2023’s taxes for their first two installments, and then an updated tax for the next two.

Stirling-Rawdon’s CAO Treasurer Roxanne Hearns explained to the Quinteist that the interim tax levy keeps funds flowing in the municipality while council continues working on this year’s budget. This, she said, ensures services like maintenance, waste and recycling can continue. Residents are expected to pay their first installment, half of the 50 per cent, by March 24 and the second half by May 24.

After the 2024 budget is released, the tax payments in the second half of the year will reflect the new budget and any expected increases. A draft budget was presented to the Special Finance and Personnel committee on February 13, but Mayor Bob Mullins said during the Feb. 20 council meeting that no decisions were made in finalizing the budget.

Though Stirling-Rawdon is still working on its budget, according to the minutes of the Feb. 13 committee meeting the municipality could be looking at a tax increase of 14.16 per cent.

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