Township Approves 2022 Budget

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Photo courtesy of Township of Muskoka Lakes Facebook page

On Wednesday, January 12, 2022 Township of Muskoka Lakes Council approved the 2022 Operating and Capital Budget and Forecast. 

The 2022 Budget has a net levy of $13,029,600, which represents a 1.83% tax rate increase over the prior year. The estimated tax increase to a typical residential property valued at $500,000 is $11.24. The 2022 budget builds upon the changes made in the 2021 Budget which designates 27% of net required levy towards reserves to support future investments in the Township’s capital infrastructure.

“This year’s budget is a remarkable accomplishment which achieves lofty goals of increasing levels of service while keeping tax increases to a minimum,” says Mayor Harding. “As a Township, we strive to balance affordability for residents and businesses while continuing to fund the Township’s Strategic Goals.”

“The development of a responsible, balanced budget is a primary focus throughout the budget process,” says Mark Donaldson, Director of Financial Services. “The budget continues to support the priorities set out in the 2021-2024 Strategic Plan and makes timely, priority investments in capital infrastructure.”

Notable projects slated for 2022 include the completion of a Fire Master Plan and Parks and Recreation Master Plan, commencement of Transportation Master Plan, conducting the 2022 Election, implementing an E-Permitting System and review of the Septic Inspection Program and Site Alteration By-law.

“I’d like to thank Council and our staff for their dedication to putting our community first and ensuring we have a budget that keeps us moving forward,” stated Mayor Harding.

Please visit www.muskokalakes.ca to view a copy of the 2022 Budget.

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