The budget for the Township of Muskoka Lakes has been approved.
After a thorough review process council passed the resolution on Friday for the 2019 operating and capital budgets.
The Township of Muskoka Lakes funding requirement continues to be the smallest portion of the total property tax bill (20 per cent). The District Municipality of Muskoka (52 per cent) and the School Boards (28 per cent) retain the larger components of the total amount levied.
The 2019 net levy on the budget is just over $12 million, a 5.9 per cent increase over 2018.
The total increase consists of a .96 per cent operating levy and a 5 per cent capital levy.
The residential tax rate will increase by 2.5 per cent. An illustration of the increase is that for every $100,000 assessed value on a property tax payers will pay $122.72. That is an increase of $2.58 over 2018.
The increase is covering a number of new projects including a new website for the township, webcasting of meetings, cyber-security, an asset management program and a new staff position.
“I am appreciative of the efforts of staff in every department and Council to bring in an extremely responsible budget,” said Mayor Phil Harding. “Firstly the general operating budget is up less than 1 per cent over last year, however included in 2019, Council increased this number with an extra 5 per cent dedicated capital amount, to be added directly to reserves. The combined 5.96 per cent total budget increase showcases the new Council’s ability to listen to the public, plan for the future and work together to manage to complexities of the budget within a changing economy.”