Tough budget seasons and the threat of sharp tax increases lie ahead for many small Ontario municipalities, including Bancroft.
That observation from Mayor Paul Jenkins, upon his recent return from the Rural Ontario Municipalities Association conference in Toronto. He says, it’s clear that inflation and other rising costs are threatening abnormally high municipal tax levies.
“Every opportunity I got, I would ask people what their estimated tax increase was going to be,” he says. “Ten per cent was not an uncommon number, because municipalities are being hit very hard with a lot of energy costs to heat buildings.”
Jenkins says Bancroft will likely have a first draft of its 2023-24 budget in early March. He says he hopes this year’s tax increase won’t be any more than five per cent, but stresses that will be tough to achieve.
“Based on everything I’m hearing from everyone else, if you can do in the five-to-seven range, you’re doing well.”