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Leeds and the Thousand Islands Council approves the 2020 Budget

Posted on Friday January 17, 2020

FOR IMMEDIATE RELEASE

 January 17, 2020, Lansdowne, ON – At a Special Council meeting on January 15, 2020, the Township of Leeds and the Thousand Islands (TLTI) Council approved the Operating budget of $14,934,071 with a net levy requirement of $9,977,100 for 2020. Previously on January 13, the 2020 Capital budget in the amount of $2,966,000 was approved. 

“This budget is designed to get us on track,” Mayor Smith-Gatcke commented. “It allows staff to set reasonable service levels, be consistent in their service delivery, and begin to look at long-term goals and initiatives.” She continued, “We look forward to delivering programs and services that have beneficial impact in our community and meet the needs of residents and visitors.” 

The TLTI tax rate is made up of three separate tax rates: United Counties of Leeds and Grenville, Education, and TLTI. For 2020, the TLTI property tax rate is 0.00422624 which means an average Township residential property with an assessment value of $196,000 will pay $828 in Township property taxes. This is an increase of $72 per year, or $6 per month, over the 2019 amount. 

While the operating budget covers the day-to-day business of the Corporation, the 2020 Capital budget includes upgrades to equipment in fire services, significant bridge replacement projects and various road resurfacing and rehabilitation projects to name a few. 

With this budget, Council has endeavoured to balance current pressures due to increasing utility, insurance and other operational costs, and significant capital expenditures while saving for long-term financial viability. Council and staff are committed to developing comprehensive asset management plans and long-term financial plans, ensuring the Township is sustainable over the longer term. “It is our hope that this budget reflects our commitment to long range financial planning for sustainable growth,” stated Mayor Smith-Gatcke, in closing. 

The full budget documents are available at https://www.leeds1000islands.ca/en/governing/Budget.aspx 

For more information, contact: 

Kate Tindal, CPA, CGA, Director of Finance

Township of Leeds and the Thousand Islands

613-659-2415 Ext. 215

directorfinance@townshipleeds.on.ca

 

Corinna Smith-Gatcke, Mayor

Township of Leeds and the Thousand Islands

613-561-4980

csg@townshipleeds.on.ca

 

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