anticipates borrowing $15.7 million for water, $18.2 million for wastewater, and $1.2 mil- lion for stormwater upgrades, with repayment structured to ensure manageable costs for local taxpayers.
Hello Delaware, At our June 4th Council meeting, we approved two Long-Range Financial Plans (LFRPs) – one for tax-supported operations and another for water, wastewater, and stormwater services. These plans play a crucial role in shaping the municipality’s financial strategy and ensuring long-term sustainability. The LFRPs provide a framework for managing municipal revenues, operating expenses, capital assets, and debt. They aim to keep tax rates and user fees affordable while proactively addressing future finan - cial challenges. Developed using budget data, asset management in- formation, and growth projections, the plans recommend funding strat- egies over ten years.
While these recommendations establish financial targets, final decisions on tax and rate increases or debt financing will be made by Council during the annual budget process. The LFRPs are “living documents”, subject to updates and adjustments as financial conditions change. The LFRPs are available on the municipality’s website. The pedestrian crossing at Victoria and Springer is anticipated to be completed by mid-summer. I have not heard back regarding the lights at Carriage and Longwoods, but I will post an update once the County advises a date. Bodkin Road is being converted from gravel to tar and chip and is expected to be completed by August 1st. The Glendon Drive roundabout is expected to be fully completed by the end of August. Community Services advises that the new dog waste disposal bin in Lions Park has been very well used. Cheers,
Frank Berze Councillor Ward 5 Delaware 519-652-1369 berze@middlesexcentre.ca
To maintain essential services and infrastructure, the LFRPs suggest annual increases of 8.4% for property taxes, 6.1% for water rates, 8.7% for wastewater rates, and 10% for stormwater fees. These adjustments are designed to bridge the funding gap for infrastructure over a 15-year period. Projected population growth and grants may minimize the impact on ratepayers. The plans also propose strategic borrowing for growth-related infrastructure projects. Over the next decade, the municipality
Frank
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