Peterborough draft budget property tax increase drops to 3.15%, transit spending frozen

The City of Peterborough’s 2023 draft budget will now see a 3.15 per cent property tax rate, down from the initial proposed four per cent.

City council on Wednesday agreed to reduce the property rate following a series of finance committee meetings this week to review the municipal draft budget. Last week featured public delegations who provided feedback on the draft budget.

The city say the proposed increase of 3.15 per cent would equate to an additional $4.44 monthly or an additional $53.24 annually per $100,000 of residential assessment (at four per cent it was $5.63 monthly or an additional $67.61 annually).

The city also addressed a couple of initiatives to assist those experiencing homelessness.

The city will add a third worker to its 24-hour overflow emergency shelter program and the 24-hour Brock Mission men’s shelter by using $200,000 from the Social Services Reserve. The position will help individuals with better support for referrals to services and to assist with housing searches, develop more of a harm-reduction focus, address service restrictions differently, and other functions.

However, council agreed to remove a plan to provide $55,000 a year to the Downtown Business Improvement Area (DBIA) for three years to support a new “systems navigator” staff position with the DBIA to help downtown businesses navigate social issues.

1:51 City of Peterborough to hire system navigator to support downtown businesses

Other changes to the draft budget include:

• deferring a $140,900 contribution to the Eastern Ontario Regional Network cell gap initiative
• deferring an $800,000 project to upgrade water and sewer service to the Peterborough Airport until a land deal is reached to bring the airport property within the city of Peterborough boundaries. Currently the site is within the jurisdiction of Cavan Monaghan Township
• maintaining Peterborough Transit expenses at the 2022 level, which would reduce the 2023 net requirement by $951,000
• establishing a permanent, annual individual artist grant program at $50,000 a year, through a three-year agreement with Electric City Culture Council with funding from the capital budget in 2023 and the program built into the operating budget in 2024 and 2025
• deferring a proposed $150,000 project for the next stage of the development of a Downtown Heritage Conservation District Plan; The project will be under consideration in the 2024 budget
• contributing up to $10,000 from the capital levy reserve for the creation of a monument recognizing the impact of occupational disease on individuals and families

City council also voted down a request from Peterborough Public Health for a 22.14 per cent funding increase for 2023. The health unit was seeking $1,644,880 — approximately $287,780 more than the city provided in the 2022 budget.

City council is expected to approve the 2023 budget on Jan. 30.

2:03 Peterborough city councillors debate alterations to tax increase, funding for cell service

• Peterborough city councillors debate alterations to tax increase, funding for cell service
• Peterborough City Council hears budget increase requests
• Peterborough residents give feedback on 2023 Draft Budget

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