For Immediate Release
Tuesday, March 18, 2014
North Huron approves 2014 Budget – 2.1% increase
Last night, North Huron Council approved the Township’s 2014 Budget that will see a 2.1% tax levy increase. Based on the average residential household assessment of $151,500, and factoring in area rating, an annual residential tax bill will see the following change: Blyth up $41.72; East Wawanosh up $42.71; and Wingham lower by $22.79.
2014 Budget Highlights Include:
• Capital Spending - $1,588,940
• Debt reduced by $223,296
• Blyth Well upgrades
• Wingham Library – repairs/renovation
• Tar and Chip – Reid Road
• Used Plow Truck – Blyth
• Used Fire Aerial Truck
• North Huron Wescast Community Complex debt paid – 7 years ahead of schedule
• Investments in economic development projects, tourism, and community partnerships
“We’re committed to funding programs and services that are important to residents and making strategic investments in community priorities while limiting the impact to taxpayers,” said North Huron’s Reeve Neil Vincent. “Ensuring financial sustainability and demonstrating effective governance are key goals of our strategic plan.”
The Township’s budget represents many months of hard work by Council and municipal staff. Staff bring forward a draft budget for Council consideration that takes into account capital priorities, operational requirements, financing capabilities, community needs, Council direction, and goals outlined in North Huron’s Strategic Plan. The budget process, which included public meetings and feedback from taxpayers and community stakeholders, involves difficult decisions to limit the tax increase to a reasonable level.
Copies of the 2014 Operating and Capital Budgets will be available at the municipal office and a Budget Summary will be posted online at www.northhuron.ca.
For more information, contact:
Neil Vincent, Reeve Donna White, Director of Finance
519-357-2336 519-357-3550 x.26
Gary Long, CAO/Clerk