Muskoka Lakes’ 2015 budget carries a tax increase of 7.04 percent. This means residents’ tax bills will go up by $6.90 for every $100,000 worth of residential assessment.
The total Operating Budget is $11.9m and the total Capital Budget is $3.4m.
QUICK FACTS:
Operating Budget Highlights
Muskoka Lakes continues to have the lowest residential tax rate in the District;
No reduction in service levels;
Increased roads operations $186,000;
Increased building and facility maintenance $108,000;
Increased allowance for property assessment appeals $130,000;
Increased insurance premiums related to claims experience $72,000;
Net increase in other costs $233,977.
Capital Budget Highlights:
Majority of the $3.4m is for the repair and replacement of infrastructure;
Roads and bridges, Beatrice Town line bridge is $560,000;
Replacement of two (2) fire pumper trucks $800,000;
Other pieces of fire equipment required for fire rescue and safety;
Various other repairs to Parks, Community Centres and arenas