The 2024 Final Operating and Capital Budget has been approved by the Council. Administration has minimized the impact of the Tax Rate on the residences and business community by a 2% increase in the Tax levy based on the increase in the assessment roll and an increase to the minimum tax rate from $1000 to $1050. The mill rate for the 2024 taxation year will remain consistent.

In a review of the Capital Projects in Q1 2024, pending a final report, there is a requirement for further review in Q3 for additional discussions on a five-year capital plan. For the current 2024 Capital budget, it was identified that several asphalt overlays are required. Administration has advised that a proposed overlay project should move forward for the 2024 Capital Budget Year. Funding for this project will come from the existing grant programs.