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2010 Budget
The 2010 Budget will include the impacts of a province-wide reassessment. This reassessment updated values from a base date of January 1, 2005 to January 1, 2008. This was a period of strong growth in the real estate market and property values did increase. As a result in 2009 the provincial government mandated a four year phase in for all assessment increases, thereby mitigating the impact of the increases.
Operating Budget
The Operating Budget is the plan for the day-to-day operations in the Township including salaries, materials and supplies. The operating budget is largely funded by tax dollars and user fees.
Capital Budget
The Capital Budget is the annual plan for the purchase and financing for the Township's capital assets. Capital assets include infrastructure, land, buildings, machinery and equipment.