Township wnship of of Scugog Scugog Pr Presenta esentation - PowerPoint PPT Presentation

Region gion of of Durham Durham Finance Finance Depar Department tment Township wnship of of Scugog Scugog Pr Presenta esentation tion Mar March h 11, 2015 11, 2015

Presentation Overview 2015 Property Taxes Region 57% Residential Local 27% Budget Education 16% Expenditures 1-866-296-6722 Non-Residential Region 39% Reassessment Less Assessment 18% Local 2013 -2016 Growth Education 43% March 11, 2015 Durham Region Finance Department Slide 2

Assessment Base Trends 2015 lowest Growth Residential incl. Multi-Residential Non-Residential Regional taxation share 82.6% 78.7% 21.3% 17.4% Industrial 3.6% Industrial 8.7% Commercial 13.8% Commercial 12.6% 2016 2016 1998 1998 estimate estimate March 11, 2015 Durham Region Finance Department Slide 3

Scugog Average Valuation Changes Reassessment by Local by property class 3.0% Reassessment Savings 2.7% 2.5% 2.4% Average Valuation Change Full Reassessment (2013 to 2016) 2015 Phase-In Residential Commercial Industrial Regional Tax Average 15.4% 14.8% 14.5% 14.3% 13.0% 12.8% 12.0% 11.1% 8.3% 3.6% 3.6% 3.4% 3.5% 3.2% 3.0% 2.9% 2.8% 2.1% Pickering Ajax Whtiby Oshawa Clarington Uxbridge Brock Scugog Region March 11, 2015 Durham Region Finance Department Slide 4

2015 Budget • Balances economic realities Realistic • Reflects lower growth and eroded industrial assessment • Ensures taxpayer affordability • Provincial subsidies keeping pace Affordable • Long-term capital planning strategies • Business case approach for major projects Meets • Addresses Council priorities Council • Provides strategic increases • Addresses key asset management Approved requirements Guideline • No reductions to programs March 11, 2015 Durham Region Finance Department Slide 5

2015 Recommended Regional Gross Budgets Expenditures Revenues Provincial Development Subsidy Charges Reserves & Provincial 2.0% 13.8% Health Reserve Funds Upload Social 4.0% 3.7% 5.0% Services Other 9.5% 24.4% EMS Police 3.2% 15.4% Other 11.6% Water & Water/Sewer Property Tax 21.5% Sewer 44.2% 21.5% Works (incl. Roads) 9.0% Solid Waste Transit 5.0% 6.2% Regional Gross Budget Including Water & Sewer = $1.30b March 11, 2015 Durham Region Finance Department Slide 6

2015 Guideline Achieved Tax Impact % Police Services 0.49 Durham Region Transit 0.16 Regional Operations & Outside Agencies 1.45 Guideline Expenditure Increase 2.10 Assessment Growth (1.1) Budgetary Impact 1.0 $24 March 11, 2015 Durham Region Finance Department Slide 7

Estimated 2015 Total Taxes Average Residential Property $ $47 Total $4,286 $4,333 1.1% $24 Region 1.0% 2,477 2,453 $23 Scugog 2.0% 1,168 1,145 688 688 Prov. Educ 2014 2015 est 2015 Residential CVA = $351,000 (does not include reassessment impacts) March 11, 2015 Durham Region Finance Department Slide 8

Estimated 2015 Total Taxes Average Commercial Property $ $99 $13,131 $13,230 Total 0.8% $51 Region 5,168 1.0% 5,117 $48 Scugog 2,390 2,438 2.0% 5,624 5,624 Prov. Educ 2014 2015 est 2015 Commercial CVA = $500,000 (does not include reassessment impacts) March 11, 2015 Durham Region Finance Department Slide 9

Average Monthly Household Regional Tax Impact $704 Automobile $185 Telecommunication & TV Bundle ■ Police ($64/month) ■ Waste Services ($16/month) ■ Emergency Medical Services $205 Regional Tax Bill ($8/month) ■ Regional Transit ($17/month) $145 Hydro ■ Public Health ($5/month) ■ Long-term Care ($14/month) $34 ■ Works ($27/month) Water Sewer $38 March 11, 2015 Durham Region Finance Department Slide 10

Questions