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905-895-5193

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  • ​ 2019 Budget Approved

    Created: Tuesday, March 05, 2019
    Town of Newmarket Council approved a 2.2 per cent tax increase, combined with 0.75 per cent for asset replacement for a total 2.95 per cent tax increase (Town portion) for the 2019 Operating and Capital Budgets for the Town of Newmarket, Newmarket Public Library (NPL) and Central York Fire Services (CYFS) at the March 4 Council Meeting.

    Based on an average property assessment value of approximately $607,000, residents will see an increase of $58 on the Town portion of their tax bill, a water/wastewater rate increase of $58 (5.10 per cent) and a stormwater rate increase of $4 (11.8 per cent).

    Highlights from the 2019 budget include:
    • $2.4 million towards trails and active transportation
    • $1 million for replacement of bridges and culverts
    • $4.8 million for completion of CYFS Station 4-5
    • $6.6 million for road rehabilitation
    • $1.7 million for fleet replacement
    • $1.6 million for road resurfacing
    • $150,000 for Mulock Farm will be put into reserves for future use
    The total approved 2019 Operating Budget is $130.8 million and the Capital Budget is $27.7 million, with a combined total of $158.5 million.
     
    For more information related to the 2019 Budget, visit newmarket.ca/2019budget