98 The Beach

98 The Beach


Friday, February 21, 2020

Brockton Passes 2.5 Per Cent Blended Tax Increase

Brockton | by Robyn Garvey  

Council has approved the 2020 budget.

In a 6-1 decision,  Brockton has approved its 2020 Budget.

Brockton taxes are on the rise as Council has approved a 24.6 million dollar budget of which 9.7 million will be raised through taxes.

This represents a 4 percent (3.95%) increase to the municipal tax rate.

However, this drops to a 2.4% blended rate increase once the County and Education taxes have been blended with it.

The overall impact works out to be an increase of $85.62 on the average home assessed at 258 thousand dollars.

Arriving at a final budget number says Mayor Chris Peabody was very difficult.

He says when the budget process began the proposed increase was north of 10 percent.

Peabody admits he was hoping for a lower rate but says there was not enough support on Council to reduce the tax increase any further.

In the end, Peabody says Council arrived at a 3.95% municipal tax increase in a 6-1 decision.

Councillor Steve Adams was the lone Councillor to oppose the motion.

The 2020 budget includes a heavy emphasis on infrastructure and capital projects.

7.4 million dollars in capital projects have been identified, this will be funded through reserve funds, grant dollars and long-term debt.

Some of the projects include:
1.7 million in the Concession 10 Brant/Queen road reconstruction,
1.7 million dedicated to East Ridge Business Park Expansion
1.4 million towards the Chepstow Bridge reconstruction,
550 thousand for Concession 6 West road repair
523 thousand for Concession 8 bridge repair
420 thousand for Lobies Bridge Reconstruction

Peabody says Brockton is planning for the future noting that the potentially the municipality may welcome as many as  500 new homes over the next ten years.

 

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