(ESSEX, ON) – At Monday night’s budget meeting, Essex Town Council considered the proposed 2017 budget, which includes $7.1 million in infrastructure projects.
Reserves will contribute to funding these projects, along with a 2.36 per cent increase in the general mill rate, impacting the average home valued at $160,000 by $28. Increases in the urban mill rate to cover the funding gap for storm water infrastructure will further impact urban residents by an average $15.
“This budget continues to support Council’s strategic objective to manage the town’s infrastructure in a responsible and efficient manner,” said Donna Hunter, the Essex director of corporate services.
With the 2017 budget adopted in principle, Council will now consider the adoption of the five-year financial plan, which will put a plan in place for 2018 to 2021.