Oshawa Residential Property Tax To Increase By Approximately 1.19% for 2014

Oshawa Council approved on Friday, February 14, the 2014 operating and capital budgets. The 2014 operating budget provides the funding necessary to deliver efficient and affordable services to the Oshawa community. The 2014 capital budget and 9-year forecast focuses on investing in and renewing the City’s core infrastructure and providing the key infrastructure necessary to meet the future needs of the community.

The 2014 operating budget maintains all base 2013 levels of programs and services, as well as:

  •  addresses volume growth;
  •  provides for inflationary increases;
  •  reflects the approved park, recreation, planning and engineering fee increases;
  •  contains a provision for contractual labour increases that are subject to negotiation in 2014; and,
  •  includes increased contributions to reserves to ensure the long-term financial sustainability of the City.

This was the first year that City staff presented a 10-year capital plan. The plan reflects sound asset management planning and focuses on infrastructure renewal and priority capital projects. Highlights from the 2014 capital budget include:

  •  Design work for Fire Hall #6
  •  Workforce Management Software – phase 1
  •  Master Plan for Windfields Community Park
  •  Oshawa Harbour improvements
  •  Highway 407 related local road works
  •  Major road and sidewalk reconstruction

The total residential property tax bill for Oshawa residents (including property taxes levied on behalf of City, Region of Durham and Durham school boards) will increase by approximately 1.19 per cent. This translates to a property tax increase of approximately $59.98 for 2014 on a residential property assessed at $290,000.

For more information on the 2014 City Budget, visit www.oshawa.ca/budget2014.

 

Samar Manuel

Samar Manuel

Sales Representative
CENTURY 21 Infinity Realty Inc., Brokerage*
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