Budget

Budget

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Contact(s)

Mark Bradey
Financial Manager/Deputy Treasurer
1 MacDonald Square, Elora, ON
N0B 1S0
Phone: 519.846.9691 x223
Email: mbradey@centrewellington.ca

​​​​​​​​​​2017 Budget

​It is the Township’s responsibility to prepare a budget that meets the needs of the community and ensures that all of our initiatives and priorities are addressed.​  

Draft Budget 2017.pdf

Draft Operating Budget:

Staff is preparing the 2017 draft operating budget for presentation and deliberation at Committee of the Whole meetings as follows:   

  • Tuesday, January 24 from 9 a.m. to 6:30 p.m.
    • Staff budget presentation will begin at 9 a.m.
    • Delegations will be received at 5 p.m.
  • Friday, January 27 from 9 a.m. to 4p.m.
  • Thursday, February 2 from 9 a.m. to 4 p.m.​
Council will receive submissions from registered delegates at the January 24 meeting.  Persons wishing to make a submission are requested to register with Kerri O'Kane, Manager of Legislative Services/Clerk at 519-846-9691 ext. 243 no later than 12 noon on Friday, January 20, 2017.​
 

Capital Budget:

On Monday, November 28, 2016 Council endorsed the 2017 capital budget. The capital budget represents a significant portion of the total dollars spent by the Township in any given year.  

The Township of Centre Wellington receives a fraction of the property taxes that they collect on behalf of the County of Wellington, and the Province of Ontario (Education Taxes).  Approximately 57% of the total property tax bill goes to the County, 17% goes to fund education, leaving 26% to the Township.

Highlights of the 2017 capital budget include:

  • Replacement of three structures including the Side Road 20 bridge, Seventh Line bridge and Fourth Line bridge
  • Reconstruction of Side Road 20 from Fifth Line to the Sixth Line
  • Reconstruction of First Line from Side Road 10 to Municipal address #6641
  • Reconstruction of Colborne St. in Elora from Geddes St. to North Queen St.
  • Reconstruction of Princess St. in Elora from Church St. to the Grand River
  • Development of a long-term water supply master plan over three years
  • Development of a transportation master plan
  • An update to the Township's parks, recreation and culture master plan
  • Synchronization of traffic signals on the connecting link (Highway 6) through Fergus
  • Drainage improvements to the trunk storm outlet from Moir St. to the Gorge in Elora
  • Design and approvals in preparation for the replacement of the St. David St. bridge in 2018
  • Watermain replacement on Wellington Dr. from Cuthbert St. to Cuthbert St. in Elora
  • Replacement of the roof above Pad A at the CW Community Sportsplex
  • Convert space to soccer fields and expansion of the parking lot at Forfar Park
  • Upgrade various parks and recreation facilities for accessibility
  • Continuation of a multi-year pavement management program to replace small sections of pavement
  • Proactive remediation on Township bridges to extend their useful life
  • Upgrading the Fergus Grand Theatre for accessibility including the front lobby and washroom

2017 Draft ​Capital Budget Document
Read the complete Capital Budget Media Release

  2016 Operating Budget

On February 16, 2016, Council passed the 2016 Operating Budget at 1.89%.  A 2% dedicated capital levy was also approved by Council in December 2015, bringing the total local tax increase to 3.89%.   

Residents with an average assessment of $331,205 can expect the Township portion of their tax bill to increase by $37.58.  The continuation of the 2% dedicated capital levy initiated in 2015 will provide a means to address our bridge infrastructure requirements over the coming years.

For an average home assessed at $331,205, the taxes are allocated as follows:

  • 56.7% ($2,142.31) goes to the County of Wellington
  • 26.7% ($1,009.65) stays with the Township of Centre Wellington
  • 16.6% ($627.99) goes to the school boards

2016 Capital Budget

On December 14, Council approved a $9-million capital budget for 2016.  The capital budget represents a significant portion of the total dollars spent by the Township in any given year.  It excludes equipment and vehicle replacement items.

Council for the first time approved a three-year capital forecast that will show residents what the Township is planning to do in the future.  Developing a three-year capital budget means that projects for coming years will get preliminary approval, allowing priority projects to move ahead with design and tendering, leading to construction in the actual year the project is budgeted for.

The continuation of the 2% dedicated capital levy initiated in 2015 will provide a means to address our bridge infrastructure requirements over the coming years. To the average residential property assessed at $318,300, this represents an additional $20 to $25 (on average in taxes) annually over a ten year period. The total cost over the ten year period is estimated to be approximately $1,150. This will raise an additional $2.5 million dollars annually after ten years to provide a starting point for financial stability in Centre Wellington.

Township of Centre Wellington 2016 Budget Document

Paper copies will be available on request, by contacting Mark Bradey, Financial Manager/ Deputy Treasurer at 519-846-9691 ext. 223 or mbradey@centrewellington.ca.