The Bruce County Corporate Services Committee has approved the 2022 budget in principle which includes a net increase of 4.80%
That could see adjustments due to variances in estimated new tax base growth to be assigned to transfers to reserves for transit and/or roads and bridges infrastructure.
The Corporate Services Committee has also approved an Infrastructure Renewal Capital Levy be instituted starting in 2022 at a 1.50% increase to the County levy.
This Infrastructure Renewal Capital Levy will be increased annually by an additional 1.50% and will be reviewed during each annual budget process.
A by-law, establishing the levy and corresponding tax rates and tax ratios, will be prepared for Council adoption at an upcoming meeting.
