PUSLINCH – The township of Puslinch has lowered its proposed tax increase for the 2024 budget.
According to a staff report, the township is now proposing a 4.1 per cent or $46.00 tax increase for an average home assessed at $615,000.
In December, staff presented a proposed a 4.89 tax increase for residents.
Staff have made amendments into the base budget since December in order to reduce the tax levy including:
- recognize the $12,5K savings regarding aquifer study;
- $25K contribution to the winter maintenance discretionary reserve be funded by the onetime 2024 County funds estimated at $20K for the Wellington Road 35 closure with the remaining $5K to be funded by the tax levy;
- $0 contribution to the insurance contingency discretionary reserve
A public information meeting will take place on January 17 at 7:00 p.m. to receive public comments regarding the Township’s proposed 2024 Budget.
You can read the full report here.
