HALDIMAND COUNTY 2018 Tax Supported Operating Budget Committee of - - PowerPoint PPT Presentation

HALDIMAND COUNTY 2018 Tax Supported Operating Budget

Committee of the Whole March 7, 2018

Council Approved Budget Guidelines

2018 Draft Budget

• When establishing/approving the annual budget guidelines, a

four year projection (2015 to 2018) was provided to understand future budget pressures. 2018 guidelines were approved as highlighted below:

• Total Residential Property Tax Impact of 1.50% after use of:
• “Assessment growth”, and
• “Education tax room”
• New Initiatives for new/enhanced services should only be considered

during the budget review if the net levy impact can be mitigated on a consolidated, corporate wide basis. Funding for Council approved New Initiatives would be considered above and beyond the base budget requirements.

• Separate report was presented to Council to review and approve Fees

and Charges (December 2017)

“Unbudgeted Expenditures”

2018 Draft Budget

• Municipal Act provides ability to not budget for specific expenditures:
• Amortization of Capital Assets:
• No specific costs related to annual amortization of County’s assets; does

include “contributions” to Capital replacement Reserves

• County has a multi-year financing plan to address potential funding shortfalls
• Post Employment Benefits:
• Includes WSIB, sick leave payouts and benefit payouts after active

employment

• The County has sufficient budget to accommodate current required sick leave

and benefit payouts (actuarial liability indicates shortfall); draft budget includes increased WSIB contributions to partially address estimated shortfall

• Solid Waste Landfill Closure and Post-Closure Costs:
• Includes PV of future costs to maintain landfill sites
• Capital and Operating post closure costs have been included in the 2018

budget based on projected annualized costs

Major Drivers 2018

2018 Draft Budget

$ % Municipal Levy (prior year) 61,268,870 Major Drivers: Levy Increases: General wage/benefit increases

713,570

1.16% Capital Levy Increase

612,690

1.00% Bill 148 impacts

368,920

0.60% WSIB Self-insurance increase for PTSD claims & VFF presumptive liability, legislative changes

300,000

0.49% OPG Taxation; PIL assessment increases

322,690

0.53% Winter Control contracted services (based on five year average)

300,000

0.49% Solid Waste (mainly leachate treatment and haulage)

166,740

0.27% Council Approved Initiatives - staffing related (net of applicable funding)

286,250

0.47% Council Approved Initiatives - other (net of applicable funding) (pre-2018 budget approval)

116,840

0.19% New/Enhanced Service Initiatives - staffing related (net of applicable funding)

456,920

0.75% New/Enhanced Service Initiatives - other (net of applicable funding)

222,790

0.36% Levy Decreases: Ontario Municipal Partnership Fund unconditional grant increase

(295,300)

• 0.48%

Social Assistance Provincial Uploading Net of Caseload #/$ Increase (final year of upload)

(243,200)

• 0.40%

Policing

(227,920)

• 0.37%

Provincial funding for Grandview and Land Ambulance

(150,980)

• 0.25%

Engineering and Planning Fees increase due to development projections

(134,540)

• 0.22%

Base adjustments - other

(326,950)

• 0.53%

Municipal Levy Increase 2,488,520 $ 4.06% Draft Municipal Levy 63,757,390 $ Less: Estimated Assessment Growth

• 2.29%

Less: Estimated Education Tax Room

• 0.52%

Total Estimated Residential Tax Rate Impact 1.25% 2018 Levy Impact Increase/(Decrease)

Assessment & Tax Impacts

2018 Draft Budget

Year 2015 2016 2017 2018 Avg. Municipal Levy Increase (%) 4.33 3.76 2.77 4.06 3.73 Assessment Growth ($) 0.74 1.12 0.91 2.29 1.26 Education Tax Room (%) 0.80 0.44 0.38 0.52 0.54 Tax Impact (%) 2.79 2.20 1.48 1.25 1.93

Impact on Average Residential Home

2018 Draft Budget

INCREASE $39 OR 1.25% (APPROX. $3.26/MONTH)

2017 PROPERTY TAXES $3,129 ASSESSED VALUE $245,900 2018 PROPERTY TAXES $3,168 ASSESSED VALUE $256,400

Other Factors Impacting Property Taxes

2018 Draft Budget

• Impacts on Property Taxes:

 Assessment Changes/Shifts  Education Tax Rates  Municipal Levy Requirements

• Tax Policy Decisions
• Tax Ratios – shift burdens to other classes

(typically residential)

• Council approved phase-out of reductions for

vacant industrial/commercial sub-classes

• Amendments to collectors role (i.e. assessment

changes)

2018 Draft Budget

0.3% 0.5% 0.5% 0.6% 0.8% 1.1% 1.1% 1.2% 1.2% 1.2% 1.2% 1.3% 1.6% 2.0% 3.4% 5.2% 5.5% 5.9% 7.3% 8.4% 13.8% 14.6% 21.3%

$0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 $600 $650 $700 Municipal Drains & Storm Sewers Heritage & Culture Community Development & Partnerships Conservation Authorities Municipal Property Assessment Corp. Planning & Development By-law, Animal Control & Crossing Guards Roads Engineering & Construction Tourism & Economic Development Social Assistance & Child Care Public Health Services Social Housing Libraries Grandview Lodge Ambulance Garbage & Recycling Facilities and Parks Operations Fire Governance/Corporate Support/Financing Police Education Property Taxes Roads Maintenance & Winter Control Capital Levy

Average Residential Tax Bill - Allocation by Services Based on 2018 Draft Tax-Supported Operating Budget 2018 Assessment = $256,400 / Total Taxes = $3,168

Uncontrollable Controllable