Successful Budget Deliberations in Petrolia – 2.0% Municipal Tax Rate Increase Proposed
Petrolia Town Council deliberated the draft 2022 municipal budget today. The proposed budget would see a proposed 2.0% increase to the Municipal tax rate, with a 2.5% increase in sewer costs, and a 2.5% increase to water rates.
This proposed 2.0% increase reflects increased spending of 0.96% by Town of Petrolia administration in 2022. With a majority of this proposed increased spending reflecting increased Ontario Provincial Police costs and higher insurance rates for the municipality.
The session concluded with Council providing direction to staff to amend the 2022 draft budget to reflect the following:
- Council directed the Clerk to send a letter to Enniskillen Township requesting that their support of Hillsdale Cemetery increase from $7500 to $10,000 for 2022.
- That staff use the working capital reserve to reduce the proposed Municipal Tax Rate increase to 2.0% down from the proposed 2.5%.
Following the approval of the draft 2022 Budget, staff plan to proceed with several capital projects including:
- The reconstruction of Derby Street, Mutual Street, Third Street and Valentina Street.
- The installation of a new Town entrance sign South of Petrolia on Oil Heritage Road
- New solar lighting in Bridgeview Park
- Road resurfacing, and partial resurfacing of Pearl Street, England Avenue and Glenview Avenue.
- 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.
- Parents-4-Parks would see the final funds needed to proceed with park equipment installation in Greenwood Park.
Chief Administrative Officer/Treasurer, Rick Charlebois said, “Council reviewed the draft 2022 budget with staff, and I am very pleased with the process and what was accomplished for the future of Petrolia. Staff spend many hours preparing their best advice for Council, and I would like to thank them for their expertise.”
Mayor R. Brad Loosley was, “…pleased with the detailed information that staff prepared for Council’s consideration.” Mayor Loosley added, “I would like to thank Rick and his team for this comprehensive draft budget, and I would like to thank Council for their feedback and participation in the review process.”
A Public Budget Meeting is planned for Monday, November 8, 2021, at 6:00 p.m. via electronic meeting, where all are welcome. The Public Meeting will feature a presentation by Chief Administrative Officer/Treasurer Rick Charlebois. Staff plan to bring the proposed 2022 budget to Council on December 13, 2021.