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.
Understanding the local economic impacts demand that our Elected Representatives act.
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.
Northumberland County is beginning its 2022 budget consultation August 3. They want to hear from you! How would you invest next year’s County Budget? What programs, services and infrastructure investments matter most to you?
From August 3 – 31, they will be inviting community members to share their thoughts by completing their our new Budget Simulation Tool.