Township wnship of of Scugog Scugog Pr Presenta esentation - - PowerPoint PPT Presentation

Region gion of

• f Durham

Durham Finance Finance Depar Department tment Township wnship of

• f Scugog

Scugog Pr Presenta esentation tion Mar March h 11, 2015 11, 2015

March 11, 2015 Durham Region Finance Department

1-866-296-6722

Reassessment 2013 -2016

Budget Expenditures

Less Assessment Growth

Residential Non-Residential

Presentation Overview

16% 27% 57% Education Local Region 43% 18% 39% Education Local Region

2015 Property Taxes

Slide 2

2015 lowest

Growth Regional taxation share

Residential incl. Multi-Residential Non-Residential

Assessment Base Trends

78.7% 82.6%

1998 2016

estimate 21.3% 17.4%

1998 2016

estimate

Industrial 8.7% Commercial 12.6% Industrial 3.6% Commercial 13.8%

March 11, 2015 Durham Region Finance Department

Slide 3

Reassessment by Local

March 11, 2015 Durham Region Finance Department

Slide 4

2.7% 2.5% 2.4% 3.0%

Residential Commercial Industrial Regional Tax Average

Scugog Average Valuation Changes by property class Reassessment Savings 15.4% 14.5% 14.3% 8.3% 12.0% 14.8% 13.0% 11.1% 12.8%

3.6% 3.5% 3.4% 2.1% 2.9% 3.6% 3.2% 2.8% 3.0% Pickering Ajax Whtiby Oshawa Clarington Uxbridge Brock Scugog Region

Average Valuation Change

Full Reassessment (2013 to 2016) 2015 Phase-In

2015 Budget

• Balances economic realities
• Reflects lower growth and eroded

industrial assessment

• Ensures taxpayer affordability

Realistic

• Provincial subsidies keeping pace
• Long-term capital planning strategies
• Business case approach for major

projects

Affordable

• Addresses Council priorities
• Provides strategic increases
• Addresses key asset management

requirements

• No reductions to programs

Meets Council Approved Guideline

March 11, 2015 Durham Region Finance Department

Slide 5

Water & Sewer 21.5% Police 15.4% Social Services 24.4%

Health 3.7% EMS 3.2% Other 11.6% Works (incl. Roads) 9.0% Solid Waste 5.0% Transit 6.2%

2015 Recommended Regional Gross Budgets

Water/Sewer 21.5%

Other 9.5% Reserves & Reserve Funds 4.0% Development Charges 2.0%

Provincial Subsidy 13.8% Provincial Upload 5.0%

Property Tax 44.2%

Expenditures Revenues

Regional Gross Budget Including Water & Sewer = $1.30b

March 11, 2015 Durham Region Finance Department

Slide 6

2015 Guideline Achieved

Tax Impact % Police Services 0.49 Durham Region Transit 0.16 Regional Operations & Outside Agencies 1.45 Guideline Expenditure Increase 2.10 Assessment Growth (1.1) Budgetary Impact 1.0 $24

March 11, 2015 Durham Region Finance Department

Slide 7

Estimated 2015 Total Taxes

Average Residential Property

2015 Residential CVA = $351,000

(does not include reassessment impacts)

$ 2014 2015 est 688 688 1,145 1,168 2,453 2,477

$4,286 $4,333

• Prov. Educ

Region Scugog

Total

$24 1.0%

$23 2.0%

$47 1.1%

March 11, 2015 Durham Region Finance Department

Slide 8

Estimated 2015 Total Taxes

Average Commercial Property

$ 2014 2015 est 5,624 5,624 2,390 2,438 5,117 5,168

$13,131 $13,230

• Prov. Educ

Region Scugog

Total

$51 1.0%

$48 2.0%

$99 0.8%

March 11, 2015 Durham Region Finance Department

Slide 9

2015 Commercial CVA = $500,000

(does not include reassessment impacts)

■ Police ($64/month) ■ Waste Services ($16/month) ■ Emergency Medical Services ($8/month) ■ Regional Transit ($17/month) ■ Public Health ($5/month) ■ Long-term Care ($14/month) ■ Works ($27/month)

Average Monthly Household Regional Tax Impact

$704 $185 $205 $145 $34 $38

Automobile Telecommunication & TV Bundle Regional Tax Bill Hydro Water Sewer

March 11, 2015 Durham Region Finance Department

Slide 10

Questions