Woodstock City Council has approved a tax rate increase of 2.55 percent. This means taxes will increase by $81 dollars this year based on the average house assessment.
WOODSTOCK - The City of Woodstock has approved the 2022 Revenue Fund budget.
The budget will support around $89 million in expenditures for programs and services. The City already approved the 2022 Capital Budget in December, which called for $25.7 million in capital projects for 2022.
The Revenue Fund Budget includes a tax levy for City purposes of $64 million, which results in a tax rate increase of 2.55 percent.
Some of the highlights from the budget include:
- A return of recreation and culture programming, summer camps and special events.
- Additional full-time and part-time staff to manage the workload of a growing City.
- The conversion of the Market Centre west end for the purposes of a City Hall annex.
- Additional bylaw enforcement and security services for Downtown Woodstock.
- Funding for physician recruitment to enhance our programs that attract new doctors to our community.
- Investments in technology to improve efficiencies.
- The first increase in transit fares since 2016 with a 25 cent increase to be effective midyear.
Acting Mayor Connie Lauder says the budget will result in an increase of $81.19 or 2.55 percent for the average house assessment, compared with 2021.
"This is a budget that marks a return of the many programs, services, and events that we have been unable to offer over the past two years due to the pandemic. This is also a budget that responds to the significant growth of the City."
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