Showing posts with label Financing Equipment. Show all posts
Showing posts with label Financing Equipment. Show all posts

Friday, February 25, 2011

Well here comes the first real tough choice! Maintaining a 0% tax increase.

Previously I have stated that it was too soon to get caught up in the excitment of a 0% tax increase.

But maybe not! has I have also stated previously Council could still maintain a 0%, by choping the budget by the equivalent amount of any increase in the ASFF.

Well now available on the municipal affairs web site is the cost of the ASFF, and once again the province is increasing the burden on the residential tax payer.

Total education requisition for 2011 $2,542,134.47 versus $2,366,565.40 last year. An increase of $175,569.07.

Three options at $65,000 equals 1% tax increase

a) Increase taxes by 2.7%
b) Decrease the budget by $175,569.07
c) Some combination of a+b.


Yes the 3.2% for last year, with putting $450,000 into reserves and $250,000 into equipment does not look so bad if they go with option A.