City council approves 2017 operating and capital budgets - City council approves 2017 operating and capital budgets
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null City council approves 2017 operating and capital budgets
December 21, 2016 -
Last night, Kingston's City Council approved the budget bylaws for a 2017 tax-supported operating budget of $359 million, a capital budget of $43 million and utility-related operating budgets of $93 million.
The municipal operating budget incorporates a 2.5 per cent tax rate increase – one per cent of which is earmarked for capital infrastructure. The annual operating budget determines the revenues required from property taxation which are then used to set final tax rates.
"This budget, coming in with a 2.5 per cent tax rate increase, allows us to continue to deliver great City services, invest in infrastructure and meet our strategic priorities while keeping costs contained," says Mayor Bryan Paterson.
For a homeowner with a house that has an average market value assessment of approximately $293,000, a 2.5 per cent tax increase amounts to approximately $6.80 a month.
The City has posted a number of detailed budget facts at www.CityofKingston.ca/Budget. Go there to find out more about municipal costs. In general:
- The $359 million operating budget pays for all day-to-day activities of the City of Kingston. Examples of operating costs include salaries and benefits, insurance, supplies, fuel and utilities.
- The $43 million capital budget funds the investment in new capital assets as well as the rehabilitation of existing capital assets including transit buses, parks and facilities.
- The $93 million utility-related operating budget pays for the wastewater, water and gas operations of Utilities Kingston (wholly-owned by the City).
From emergency services to culture and heritage, from roads and sidewalks to recreation centres, your property taxes support a wide-range of services that support and add to your quality-of-life.
To learn more about the City's budget, go to www.CityofKingston.ca/city-hall/budgets .
To see the Kingston's Strategic Plan, 2015-2018, go to www.CityofKingston.ca/apps/councilpriorities/
About the City of Kingston
The City of Kingston provides municipal services to 125,000 residents living in this visually stunning, historic city, often ranked one of the best places to live in Canada. In 2014, it was named a Top 7 Smart Community by the Intelligent Community Forum. Kingston is focusing on being smart and livable as it pursues its vision to become Canada's most sustainable city. We focus on environmental responsibility, social equity, economic health and cultural vitality - - ensuring that today's decisions don't compromise our future. Please visit www.CityofKingston.ca and join the conversation on social media.
Media contact: For more information call the communications department at 613-546-4291, ext. 2300.