COUNTY OF WELLINGTON - The County of Wellington proposed tax hike for 2022 is currently sitting at 2 per cent, with an estimated operating budget of $247.3 million and a capital budget of $56.5 million for 2022.
Council is set to deliberate the 2022 budget at its first meeting of the year Monday with county treasurer Ken DeHart presenting the report to council.
“The projected tax increase for 2022 is 2.0 per cent, and the county’s current 10-year forecast projects an annual tax increase ranging from 2.9 to 3.7 per cent,” said DeHart.
“About 70 per cent of the capital budget is for the roads area, and we are projecting $64.2 million worth of new debt issues through the 10-year plan. We’re projected to have about $57.7 million worth of tax-supported debt over the 10 years and another $6.5 million in growth supported debt. None of the tax-supported debt is projected to be issued in 2022, so these are all forecasted issues.”
Currently, there’s an investment in the county roads network for projects such as the replacement of Arthur, Erin, Harriston and Aberfoyle roads throughout the ten year forecast; approximately 235 kilometres of road improvements on county roads are proposed to occur; the replacement or rehabilitation of 22 bridges and six culverts; and 11 intersection improvements.
A $42.6 million increased investment in the county’s 1,189 social housing units for improvement and upgrades. This cost will be shared with the City of Guelph. The county will get their share of the funds from its housing capital reserve.
As for the 131 county owned affordable housing buildings, the county has forecasted a $1.2 million budget for facility improvements, which will be funded by its housing capital reserve.
In 2022, the installation of an air conditioning system at the Fergusson Place at 165 Gordon St. will take place and is set to be an additional $1.2 million in the budget.
The 2022 budget is set to be approved and finalized on Jan. 27.
Angelica Babiera, Local Journalism Initiative Reporter, GuelphToday.com