Early approval means earlier project start dates

LV COUNCIL PASSES 2021 BUDGET
EARLY APPROVAL MEANS EARLIER PROJECT START DATES

FOR IMMEDIATE RELEASE                                                                                                            DECEMBER 15, 2020

The Township of Laurentian Valley Council has approved and passed the 2021 budget earlier than ever. Council adopted a new budget timeline for the 2021 Budget which ended with final passing on December 15th 2020.  Mayor Steve Bennett stated “This is the first time that the budget process has commenced so early and Council and Staff are excited for the new implementation as this means projects can begin earlier than previous years”.  

On behalf of Council, I’m pleased to present a healthy and progressive budget for 2021,” said Mayor Bennett. “We take pride in offering low taxes for our taxpayers all while providing a range of services to maintain a vibrant community. The impact of the 2021 budget translates to $33.98 per $100,000 assessment for municipal purposes. On an average Laurentian valley assessed household of $254,820, the impact would be an increase of $86.58 for the year.

Overall, Council continues to be proud of its ability to maintain low taxes and to have a tax rate which is third lowest amongst the 17 municipalities in the County of Renfrew.

The 2021 budget is set at $12 Million with a levy increase of 1.97% in operating, 2% in Capital Reinvestment Reserve and 3.18% increase to the capital budget for a total of 7.15%. The aggressive capital budget includes over 9km in road work, amounting to a $2.1M investment, and an additional $1.1M in vehicles and equipment replacement.  Total capital investment has been set for $3.6 million dollars.

Council has budgeted for a new fire tanker and road grader to replace the aging vehicles that are each over 20 years old. Safety of LV residents and proper maintenance of road conditions is a priority and Council is pleased to be able to reinvest in essential and needed equipment.

A detailed review of the Township’s strategic plan, operational review, and budget policies along with a calculated assessment of Council’s goals provided clear direction for the creation of the 2021 budget. The overall process was thoroughly guided and placed in line with the Township’s mission.

Staff will continue to seek out and apply to available grants and will readjust for potential new projects as funding sources become available. The provincial and federal governments continue to shift and reallocate funding for COVID relief and resiliency.

“We are confident in our efforts to prepare a strong, ambitious and fair 2021 budget and thank staff for their continued work to meet our annual goals.” expressed Mayor Bennett

The budget presented and passed comes with great advancements for 2021 and represents continued growth for the Township of Laurentian Valley. The complete budget will be available for review by going to www.lvtownship.ca

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