2022 Budget Approved in Petrolia – 0% Municipal Tax Rate Increase
Petrolia Town Council approved the 2022 municipal budget last night in regular Council. The approved budget will see a 0% increase to the Municipal tax rate.
Mayor R. Brad Loosley said, “I would like to thank Rick Charlebois and his team for an excellent budget and look forward to another great year of projects that benefit Petrolia, and to the improvements to our community.”
Chief Administrative Officer/Treasurer Rick Charlebois said, “Due to a $534K increase to our annual 2022 Ontario Community Investment Fund capital grant, staff were able to amend the proposed 2% municipal tax rate increase recommendation to a 0% municipal tax rate change. We are very grateful for this unexpected news from the province late last week.”
Following the approval of the Town General 2022 Budget, staff will proceed with several capital projects including:
a) The reconstruction of Derby Street, Mutual Street, Third Street and Valentina Street.
b) The installation of a new Town entrance sign South of Petrolia on Oil Heritage Road
c) New solar lighting in Bridgeview Park
d) Road resurfacing, and partial resurfacing of Pearl Street, England Avenue and Glenview Avenue.
e) A splash pad, sponsored by The Kiwanis Club of Petrolia and Area that will be financed up front by the Town and repaid by the Club.
f) Parents-4-Parks would see the final funds needed to proceed with park equipment installation in Greenwood Park.
The Town’s Sewer and Water rates will both increase by 2.5% in 2022. Our Sewer major capital work for 2022 will include: the sewer portion of the road reconstruction projects; and some capital work at four pumping stations throughout Petrolia (Glenview, Progress, TG Waterville and Garden Crescent). Our major Water capital work next year will include: the water portion of the road reconstruction projects; and some pre-engineering work to prepare for the replacement of our Water Treatment Plant In-take (large pipe that brings in water from Lake Huron) which is estimated to cost $16.2M.
