Peterborough County Council Approves 2024 Budget

Peterborough County Council has approved the 2024 Budget entails a rise in the levy by 6.29 per cent during Wednesday’s meeting.

Photo courtesy of Peterborough County.

The budget changes include:

• a dedicated infrastructure levy set at 2.5 per cent

• an increase of 2.57 per cent for the Operating Budget

• and an increase of 1.22 per cent for the Shared Services Budget

This increase in the levy translates to a tax rate increase of 5.69 per cent or approximately $21.81 for every $100,000 in residential assessment.

“Peterborough County staff were tasked with presenting a budget that is both responsible and comprehensive, and they successfully fulfilled that mandate,” said Bonnie Clark, Peterborough County Warden. “This budget will enable the County to tackle both operational and capital infrastructure needs, all while managing the challenges of inflation and the cost of living that persistently affect our ratepayers as well as the County's operations, finances, and those of our service provider partners.”

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