5 things to know about Georgina’s 2024 budget, property tax increase
Georgina council approved the 2024 budget with a total tax increase of 5.51%
Yorkregion.com
Dec. 18, 2023
Laura Broadley
Georgina council set funds aside for capital projects such as road repairs, facility improvements and trail development.
1. Georgina council approved the 2024 budget with a total tax levy increase of 5.51 per cent, which includes a 3.51 per cent increase for operating expenditures and a 2 per cent increase for an infrastructure levy.
2. The total tax levy increase translates into an estimated property tax increase of $140 for an average home with an assessed value of $448,000.
3. This was the first time Georgina’s budget was presented under strong mayor powers. The budget was deliberated by council on Dec. 5 and approved after council passed a resolution to end the 30-day period for council amendments. Mayor Margaret Quirk signed a decision to end the 10-day mayor’s veto period.
4. Highlights of the budget include: $4.5 million on road repairs and reconstruction, $1.6 million for building condition assessment program, $1.5 million for vehicle and equipment replacement strategy and $1.4 million for Ainslie Hill Park and trail development.
5. The total 2024 blended property tax levy increase for all levels of government is estimated to be 4.14 per cent. The final blended increase will be known after York Region and the Ministry of Education set their tax rate.
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