Tecumseh completes 2021 budget deliberations
Tecumseh residents can expect a 2.46 per cent municipal tax rate increase for 2021.
Town council completed budget deliberations Wednesday evening, and determined that this year’s tax rate was lowered by larger than estimated assessment growth for 2020.
The 2021 Business Plan and Budget includes an increase of $968,000 to the general tax levy, while $566,000 will go to reserves to support current and future capital projects. The remaining 40 per cent of the tax increase is for operations.
A home valued at $250,000 would see a property tax increase of approximately $51 annually.
“As we saw in 2020, much of our revenue sources were impacted by the closure of facilities and reduction in programs,” said Mayor Gary McNamara.“Our 2021 budget also includes major capital
projects for flood mitigation, road improvements and moving many of our major infrastructure projects forward.”
Tecumseh will spend approximately $26.3 million in new capital projects including improvements to Manning Road at the Lesperance Road and VIA Rail tracks, design and construction in the Manning Road and Secondary Plan, and a new pickleball complex.
The multi-year project will see the replacement of the P.J. Cecile, Scully and St. Marks pumping stations and associated stormwater main works for flood mitigation. The project will cost around $26 million with up to $10.7 million to come from the federal government’s Disaster Mitigation and Adaptation Fund.
Council is expected to provide final approval for the 2021 budget by-law at the regular meeting of council on January 26.