Cobourg’s 2022 Operating Budget is increasing 6.3%. After accounting for New Assessment Growth of 2.2%, the average resident will see an increase of 4.1% but for some the increase will be much more. Other municipalities tax increases are much lower.
Several noted Economists have been sounding the alarm bells over the declining Labour Participation forecasts coming from organizations such as Statistics Canada. While I don’t consider myself an Economist, I instruct university-level business courses that demand some basic understanding of the subject.
The Cobourg 2022 operations budget was released on Friday October 22, 2021. This, along with the accelerated budget review/approval schedule, are a welcome improvement over past budget timetables.
There is a serious problem however. The 2021 YTD actual comparative data are as at October 19, 2021 and do not represent a full year of operation’s activity.
In Ontario the prices that local electricity distribution companies such as Lakefront Utilities can charge their customers are set by the Ontario Energy Board (OEB).
Every five years Lakefront proposes a “price list” for the next four years. This year was Lakefront’s time to propose charges for January 2022 to January 2027.
Paul Pagnuelo, one of the founders of the Cobourg Taxpayers Association passed away on December 25, 2020.
Because of COVID restrictions at the time, we were unable to celebrate his life.
The Family has now arranged to hold a celebration of his life.
© 2021 Cobourg Taxpayers Association
