Tecumseh Town Council has finished budget deliberations for 2024 and the result for residents is a consolidated tax levy increase of approximately 4.25 per cent.
The consolidated rate includes county, education and municipal taxes. It translates to a $155 annual increase for the average residential property assessed at $250,000, with the Tecumseh portion of this lift equaling around $90.
“The 2024 budget places a strong emphasis on essential investments in growth and development as well as recreation, community safety, and existing roads and infrastructure, all while dealing with rising costs and inflation. It aims to secure a prosperous and vibrant future for Tecumseh,” said Mayor Gary McNamara. “I would like to thank my Council colleagues, Town staff and you - the taxpayers of Tecumseh - for your support in making the Town a safe and livable community.”
Council began deliberations with a proposed municipal levy increase of around 5.5 per cent, but that was lowered before approving the budget at Tuesday's meeting.
The rate consists of 1.5 per cent towards capital and asset lifecycle funding, 1.3 per cent noncontrollable expense increases passed on to municipality and 1.8 per cent for general operating expenditures.
The year will include the completion of several infrastructure projects, including the Lacasse Ball Diamond upgrades, Cada Library building improvements, Maidstone Recreation Centre outdoor washrooms and the Scully and St. Mark’s Storm Pump Station replacement. New projects in 2024 include the Lakewood Park all-season washrooms and an all-ages water feature, and the arena floor replacement.
Council and staff thank all residents and stakeholders who took part in public engagement and provided feedback through the budget review process.
