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John Webster A Strong Voice for Markham Ward Five |
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February 12, 2008
I am proud to have been a part of the Budget Subcommittee and to be able to announce that we've held the Tax Rate for 2008 to a 3.7% increase, one of the lowest in the Greater Toronto Area. The increase represents an increase on the Markham's share of the tax bill to an average homeowner of $39.20.
Town of Markham Council approved our budget recommendation at the Council meeting February 12, 2008.
The budget was trimmed to a 3.73% increase – one of the lowest in the Greater Toronto Area.
"During the recent Click with Markham public engagement program, residents told us they expect real value for their tax dollars. And, as we looked at today's uncertain economic environment coupled with financial pressures GTA municipalities face, it became clear that we must put priority focus on today's needs and invest prudently for tomorrow's requirements," said Mayor Frank Scarpitti. "This budget puts the emphasis on actions residents want today without sacrificing our future."
Markham Councillor and Budget Chief Dan Horchik added, "The average impact of the 3.73% increase is $39.20 on the Markham share of the tax bill. This is truly a budget made for Markham – it addresses immediate needs in our rapidly growing and increasingly complex community as well as increasing financial pressures from a variety of sources."
Overall, Markham receives about 26.3 cents of every dollar of residential property taxes collected, with the remainder divided between education (25.69 cents) and the Region of York (48.06 cents).
For the business community, Markham's commercial and industrial tax rates continue to be among the lowest in the Greater Toronto Area.
Markham's 2008 Operating Budget is $158.1 million, it's Capital Budget is $131 million, the Waterworks Budget is $59.2 million and the Building Standards Budget is $7 million, for a total of $355.3 million. This compares to a total budget of $310 million in 2007. The Budget was set, taking into account a 2.75 per cent increase in assessment growth in the Town.
"Markham is committed not to use one-time funding to balance the operating budget," said Budget Chief Ward 6 Councillor Dan Horchik. "We continue to allocate $500,000 of taxes from new property assessment to the capital program and contribute $1 million to our land acquisition reserve funds."
"Maintaining and even enhancing service levels where possible, is an important priority. In 2008, Markham Public Library will provide additional hours of service and will improve the library collection with accessible high demand materials. The service level for snow removal, particularly for plowing local streets, has increased. And, as part of our commitment to diversity, the Town has doubled its investment in the Career Bridge/Ability Edge internship program which gives foreign trained immigrants an opportunity to gain Canadian experience," said Mayor Scarpitti.
The budget also takes into consideration the expected impacts of 2008 wage settlements, inflation, municipal service contract escalations, rising energy costs, rising construction costs and costs of complying with new provincial legislation.
Some of the projects and priorities funded in the 2008 budget include:
EnvironmentDiversity
Transportation and Transit
Managed Growth
Parks, Recreation, Culture& Library Master Plan/Public Safety
Service Levels
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