Posted on Wednesday January 25, 2017
Cobourg, ON – January 25, 2017 – Council today gave final approval for Northumberland County’s 2017 Budget. This approval follows a five-week period in which all budget materials were available for Council and public review. Consistent with the long-term financial planning model approved last June, this budget achieves a base levy increase below the targeted 2 per cent, coming in at 1.9 per cent. It also includes a dedicated infrastructure levy of 0.3 per cent.
"Council was seeking a thorough, sustainable budget, positioned to deliver value to residents while also addressing debt repayment and the building of necessary reserves. Staff has delivered this,” stated Warden Mark Walas. “With this budget in place, we will continue to build a strong and vibrant Northumberland through strategic investments in infrastructure, economic development, and social supports.”
County Finance Director and Treasurer Glenn Dees confirmed that the levy will fund approximately 50 per cent of the $114.6 million budget. The County will generate the remaining 50 per cent of funds required through a combination of grants and subsidies from other levels of government, as well as revenue-generating activities such as property leasing and the sale of recycled materials from the Materials Recovery Facility (MRF).
For detailed budget information, visit the County website at: www.northumberlandcounty.ca/2017budget.
- 30 -