Property Taxes to Rise if Infrastructure Gap Not Addressed
The recent Rural Ontario Municipal Association conference pointed to a dire need for strong infrastructure funding from the province.
The annual conference saw the mayors of Brockville, Prescott, Rideau Lakes, Augusta and others come together to bring local issues to the provincial forefront.
One of the main issues discussed was the costs of maintaining infrastructure aspects such as roads, arenas and water systems which continue to grow, while the funding doesn't.
According to a recent study by the Association of Municipalities of Ontario; In order to mend the current $60 million infrastructure debt and keep existing services in place, property taxes would have to be bumped up by 8.35% every year for the next decade.
Even if provincial grants continue at the current level over that time span property taxes would still have to be increased around 4.5%.
A recent look at Brockville's infrastructure gap shows a $25.3 million shortfall over the next 10 years for water, sewer, roads, bridges and culverts alone.
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