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Bracebridge passes budget with a 6.38% tax increase
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Bracebridge passes budget with a 6.38% tax increase

Posted: 2024-02-15 07:08:41 By: thebay

Bracebridge Council has approved the 2024 municipal budget with a 6.38% tax increase.

The town says based on a $300,000 residential assessment, the increase of $102 per household or about 28 cents per day for the delivery of essential services. The Town says they are focused on maintaining essential service delivery while planning for future growth and opportunity.

With the opening of the Muskoka Lumber Community Centre this summer, the 2024 municipal budget can be noted as one of the most significant in Bracebridge’s history.

The goal of this budget is to continue to deliver on Council’s priorities and maintain current service levels during a period of high inflation, while being considerate of the economic impacts property owners and residents continue to face with increased cost of living.

2024 budget highlights:

  • $20 million to support the construction of the Muskoka Lumber Community Centre;
  • Approximately $1.5 million in operating funding to cover the significant increase to the level and quality of recreational and library services that will be delivered at the new facility;
  • $246,000 in contributions to a dedicated reserve that will support the Town’s future investment in the construction of new hospitals in Bracebridge and Huntsville;
  • $3.1 million towards the annual road improvement program;
  • $1 million in capital investments to support the Town’s natural landscape and large network of parks and trails.

Each year, the Town of Bracebridge’s budget identifies priorities, goals and initiatives that support the community. Through extensive preparation, staff deliver recommendations that support these priorities but are also respective of residents and the current economic impacts.

To learn more about the 2024 municipal budget and business plan, visit bracebridge.ca/budgets.