2019 MUNICIPAL BUDGET Property of the Township of Madawaska Valley

Township of Madawaska Valley MISSION STATEMENT The Township of Madawaska Valley develops mindful, prudent, and community-driven policy that ensures a safe, clean, and secure environment, a well-maintained infrastructure system and community assets, and a climate of acceptance, transparency, and responsible growth. We pursue progress with careful consideration of short and long-term implications so that the integrity and character of our Township, its assets, natural amenities, and people of all ages, rural or urban, are upheld. Property of the Township of Madawaska Valley

2019 TAXATION LEVY REQUIREMENT COMPARISON BUDGETED EXPENDITURES $9,022,265 BUDGETED REVENUES $5,255,121 2019 TAXATION PROPOSED EXPENDITURES $8,128,532.00 PROPOSED REVENUES $4,237,260.00 $3,767,144.00 LEVY REQUIREMENT FROM TAXATION LEVY REQUIREMENT FROM TAXATION $3,891,272.00 YEAR over YEAR INCREASE OF $124,128 or 3.18% INCREASE Property of the Township of Madawaska Valley

2019 Budget Highlights Increase 3.18% Levy Increase (2.5)% Assessment Growth 0.68% Assessment Growth: a sum of all the changes that affect the Township’s Tax Base, EXCLUDING MPAC assessment changes. This is NOT new money but rather assessment that forms a larger tax base. Three Objectives Achieved: Effective Inflation + Growth Increase Advances in Asset Management Planning Reserves Preserved with Future Infrastructure Plans Property of the Township of Madawaska Valley

2019 Capital Projects Top Three Capital Budgets Projects: Paugh Lake Road Rehab (2km) $300,000 Lakeshore Drive Rehab $160,000 Fire Rescue Van $70,000 Property of the Township of Madawaska Valley

Reserves, Reserve Funds, and surplus The Township of Madawaska Valley is well positioned to face the future costs of asset replacement with capital reserves and rate stabilization reserves. This year’s various budgets preserve and build for the future by adding a combined $1,775,170 while drawing down $759,210 Reserves, reserve funds, and accumulated surplus are projected to total $7,985,223 for all funds combined by the 2019 year end. Property of the Township of Madawaska Valley

LOCAL MUNICIPAL TAX DOLLAR IMPACT 2018 2019 Difference $100,000 Assessment $ 512.09 $ 514.25 $ 2.16 According to the Municipal Property Assessment Corporation (MPAC) the median/typical single family residential assessment has increased by 0.4272%. However, a decrease in the amount of taxes paid per $100,000 may not result in a tax decrease for all property owners. Property of the Township of Madawaska Valley

2019 COUNTY OF RENFREW RESIDENTIAL TAXes 0.47 % 2018 $362.19 2019 $363.88 INCREASE $ 1.68 (based on $100,000 assessment) 2019 RESIDENTIAL RATE: 0.00363878 2019 County Levy - $45,655,946 up 3.8% from $43,984,534 in 2018 Madawaska Valley portion - $2,805,778 up 3.6% from $2,708,167 in 2018 Property of the Township of Madawaska Valley

2019 RESIDENTIAL EDUCATION TAXes 5.29 % 2018 $170.00 2019 $161.00 DECREASE $9.00 (based on $100,000 assessment) 2019 Residential Rate: 0.00161000 Property of the Township of Madawaska Valley

IMPACT HOW THESE DECISIONS IMPACT YOUR 2019 TAX BILL . . . Property of the Township of Madawaska Valley

TOTAL 2019 TAXATION BILLING IMPACT based on $100,000 Residential Assessment MUNICIPAL TAXATION LEVY COUNTY LEVY EDUCATION LEVY TOTAL PROPERTY TAXES 2018 $512.09 $362.19 $170.00 $1,044.28 2019 $514.25 $363.88 $161.00 $1,039.13 (0.49)% A $5.15 DECREASE over the amount paid in 2018 Property of the Township of Madawaska Valley

TAX IMPACT ON $100,000 ASSESSMENT 2018 2019 Dollar Difference Percentage difference Municipal Portion $512.09 $514.25 $ 2.16 0.42 % County Portion $362.19 $363.88 $ 1.69 0.47 % Education Portion $170.00 $161.00 ( $ 9.00 ) ( 5.29 % ) Total Taxes (without Area Rates) $1,044.28 $1,039.13 ( $ 5.15 ) ( 0.49 % ) From every tax dollar received, 49¢ remains with the municipality, 35¢ is forwarded to the County and 16¢ goes to the School Boards Property of the Township of Madawaska Valley

HOW YOUR 2019 DOLLARS THAT REMAIN HERE ARE SPENT Property of the Township of Madawaska Valley

AFFECT the MEDIAN PROPERTY in MADAWASKA VALLEY MADE for 2019 HOW DECISIONS Property of the Township of Madawaska Valley

TAXATION AFFECTS ON MEDIAN SINGLE FAMILY RESIDENTIAL Year Average Assessment Municipal County Education Total 2019 152,800 785.76 556.00 246.00 1,587.76 2018 782.48 553.43 259.76 1,595.67 Difference/ Change 3.28 2.57 (12.59) (7.91) TAXATION AFFECTS ON MEDIAN SEASONAL RECREATIONAL DWELLING Year Average Assessment Municipal County Education Total 2019 210,500 1,082.48 765.96 338.91 2,187.35 2018 1,077.96 762.42 357.85 2,198.22 Difference/ Change 4.52 3.54 (18.94) (10.87) Property of the Township of Madawaska Valley

2019 AREA RATES TRANSFER STATION AREA RATE CURBSIDE PICKUP AREA RATE (applies to property assessments in the former Township of Radcliffe and Townships of Sherwood, Jones & Burns who do not received curbside pickup services) CURBSIDE PICKUP AREA RATE (applies to all Residential, Commercial, Institutional and Industrial Units located in the former Village of Barry’s Bay and surrounding areas that receive this service) Property of the Township of Madawaska Valley

TRANSFER STATION PROPERTIES - BUDGET IMPACT Transfer Station Area Rate (residential unit rate) 2018 $34.84 2019 $35.50 An increase of $0.66 or 1.89% Property of the Township of Madawaska Valley

CURBSIDE PICKUP AREA RATE 2018 RATES: Residential Unit Rate: $ 151.19 Small Industrial, Commercial & Institutional Rate: $ 226.78 Medium Industrial, Commercial & Institutional Rate: $ 1,058.33 Large Industrial, Commercial & Institutional Rate: $ 2,116.66 Extra-Large Industrial, Commercial & Institutional Rate: $ 4,535.70 2019 RATES: Residential Unit Rate: $ 154.50 Small Industrial, Commercial & Institutional Rate: $ 233.25 Medium Industrial, Commercial & Institutional Rate: $ 1,088.50 Large Industrial, Commercial & Institutional Rate: $ 2,177.00 Extra-Large Industrial, Commercial & Institutional Rate: $ 4,665.00 2.19% increase in rates Property of the Township of Madawaska Valley

Area Rate Reserves and Surplus Again these area rate funds are well positioned to handle future replacement costs and stabilize rates. The Transfer Station Area Rate Fund is projected to have combined reserves and surplus of $313,678 by the end of 2019 The Curbside Pickup Area Rate Fund is projected to have combined reserves and surplus of $356,283 by the end of 2019 Property of the Township of Madawaska Valley

ASSESSMENT GROWTH & ASSESSMENT INCREASES DUE TO RE-ASSESSMENT Property valuations have been updated from a 2012 base year to a 2016 value increasing assessment which will be phased-in over the 2017 to 2020 tax years. Assessment reductions are not phased-in but were provided in the first year, 2017, of the re-assessment cycle. The Phased-In assessment change from the 2018 tax year to the 2019 tax year was a 2.0% average increase for the taxable assessment property classes. For our municipal taxation purposes, the weighted assessment (the assessment used for tax rate calculation) has increased from $734,269,897 used in 2018 to $756,696,134 in 2019, an increase of 3.05%. The percentage assessment increases for individual properties vary from property to property therefore each property will be impacted differently, some less while others more, dependent upon the assessment change applied to it. Property of the Township of Madawaska Valley

ASSESSMENT GROWTH & ASSESSMENT INCREASES DUE TO RE-ASSESSMENT Cont’d As property assessment directly impacts the taxes paid, property owners should ensure that they carefully review their assessments to confirm that their property value is correct as the assessment assigned to the property is used in the calculation of property taxes. The local municipality is not responsible for the assigning of assessment values therefore inquiries should be directed to the Municipal Property Assessment Corporation (MPAC). Property of the Township of Madawaska Valley

The end! Township of Madawaska Valley ….enjoy the beauty your way…… Thank You Property of the Township of Madawaska Valley