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  • Newmarket Council approves 2017 budget

    Monday, February 13, 2017
    Homepage News Flash

    ​Town of Newmarket Council approved a 0.39 per cent tax increase (Town portion) for the 2017 Operating and Capital Budgets at tonight’s Council Meeting. The average resident (based on an average assessment value of $450,702) will see an increase of $6.71 on the Town portion of their tax bill. The Town’s portion of taxes equates to $1726.17, including the Town of Newmarket, Newmarket Public Library (NPL) and Central York Fire Services (CYFS). 

    Newmarket Council and staff worked closely together over many months to meet the target of 2.8 per cent (increase) - as identified by Council. Throughout the budget process, $900,000 in efficiencies and other reductions were achieved. 

    This year, the introduction of a new stormwater charge helped to decrease property taxes. By removing the amounts for stormwater from the tax bill and implementing a separate charge, it saves the average resident approximately $12.07. This ultimately ensures there is enough funding for future stormwater management improvements. The stormwater charge lessens​ the burden on residential property owners by shifting to a ‘user pay’ system where properties that produce more runoff (i.e. commercial and industrial properties) will pay a larger stormwater charge. For more information on the stormwater charge and to estimate your stormwater charge visit newmarket.ca/stormwatercharge. 

    The community was very active and engaged in this year’s budget process. The Town went out to Newmarket residents and asked them to ‘put their money where it matters’ by allocating budget dollars to a variety of Town services. More than 500 residents provided feedback, doubling participation from previous years, and significantly helping to shape the 2017 budget. 

    Highlights of the 2017 Budget Include: 

    • Continuation of the Town-wide phase-in sidewalk snow-clearing program 

    • Additional Traffic Management Initiatives 

    • Marketing strategy for the Davis and Yonge Street Corridors 

    • Three new parks 

    • Implementation of bike lanes in the existing road network 

    • Ongoing replacement of aging infrastructure 

    • Upgrades to Town facilities

    • Continued implementation of the Recreation Playbook 

    • Minimal changes to levels of service 

    • More Support for the Emerald Ash Borer Program

    The Town continues to look for ways to provide sustainable budget reductions that will be found through municipal partnerships, provide more efficient and cost-effective service delivery such as energy retrofit programs and updating water metres. The total approved 2017 Operating Budget is $121,554,919 and the Capital Budget is $32,500,242. Additional budget-related information will be included online at newmarket.ca/2017budget​​