Norfolk County residents are looking at a potential property tax increase of 2.3 per cent in 2022.
The Levy-Supported Operating Budget includes cost estimates for the staff salaries, supplies and equipment necessary for delivering County services such as garbage and recycling collection, grass cutting, snow plowing, the operation of recreational facilities and more
It is now available to be viewed online.
In a release from the county, it says the roughly $74 increase will help continue the plan to move Norfolk County into a position of long-term financial sustainability.
A significant portion of the increase that will be experienced by taxpayers in 2022 is due to the removal of the Levy Relief Strategy.
It states that taxes levied in 2021 were $2 million dollars lower than required, as the budget was balanced through a one-time revenue injection from the Legacy Reserve Fund, which was approved to reduce the property tax increase during the COVID-19 pandemic.
Since this revenue source is no longer being utilized in 2022, taxes must increase by approximately 1.9% to maintain the service levels provided in 2021.
As a result of the significant work of Council and staff in recent years, the Proposed 2022 Budget shows the County’s considerable progress in building a strong financial future and presents a stabilized increase in taxes, which was an increase lower than the rate of inflation.
Council will consider the budget on January 12 and 13, 2022.
The budget can be viewed here.
