District council will hold a special budget meeting on Friday, January 10, to discuss the 2025/2026 draft tax supported budget.
The budget is calling for a tax rate increase of 5.11% in 2025 and 4.36% in 2026 after absorbing a projected assessment growth of 1.54% in both years.
The tax rate increase represents a net levy increase of 6.25% in 2025 over 2024 and an increase of 5.53% in 2026.
It includes an additional net levy increase of 0.47% in 2025 and 0.44% in 2026 in support of the local share contribution to Muskoka Algonquin Healthcare for two new hospital builds as well as a reserve created to support hospitals outside of Muskoka that serve Muskoka residents.
Below is the anticipated impact of the draft tax-supported two-year budget on residential property taxes per $100,000 of assessment.
Committee of the Whole will meet to go through the budget this Friday at 9 a.m. You can watch the meeting HERE.
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