The 2024 Budget in Orangeville includes a net tax levy of 4.5%, or $145 annually for the average property owner.
At the Capital Budget meeting last year, a resident of Orangeville asked a question regarding the OPP savings for 2024.
With approximately $4 million anticipated in savings under the new pricing contract with the OPP, why is the tax levy still at 4.5%?
Over the past five years, tax levies that have been below the rate of inflation have created a critical infrastructure gap.
This is a challenge facing many municipalities.
Many similar-sized municipalities – including local ones – are looking at levy increases of 5 to 9% this year.
The current infrastructure shortfall is at about $5 million per year.
The $4 million in OPP savings is allowing us to close that gap and create a sustainable budget that will avoid the high increases typically required to catch up!
Learn more here.
