Budgets

Investing in Lincoln

2017 Capital and Operating Budgets

Council approved the Town of Lincoln’s 2017 budget that focuses on:

  • Investing in hard and soft infrastructure
  • Meeting our legislative obligations
  • Absorbing inflationary pressures
  • Investing in the “the basics” – services

The approved budget serves to make an investment in our communities to support growth and deliver quality services to residents, including:

  • Beautification, parks and improvements to public amenities
  • Continual improvements in public realm spaces and future planning
  • Road maintenance and repairs
  • Improvements to emergency services vehicles and equipment
  • Long-term investment in water and wastewater infrastructure
  • Upgrades to recreational facilities
  • Quality service delivery

Impact to Households:
The overall proposed increase on the residential tax bill will be 3.22% and includes portions for services of the Town, Niagara Region and School Boards. The Town’s portion, which is 33.4% of your overall tax bill, is an increase of 6.95%. For instance, based on a property assessment of $330,000, households will see the following increase on their 2017 property tax bill:

  • $94.96 per year, or
  • $7.91 per month, or
  • $1.83 per week, or
  • 0.26 per day

2017 background Capital and Operating Budget documents and associated presentation material:

Did you know?

  • Lincoln is the 3rd fastest growing municipality in Niagara, starting in 2011 and will continue through 2022
  • Interestingly, while the 3rd fastest growing, Lincoln is the 3rd lowest in property taxes per household
  • Lincoln’s population currently sits at 22,487 and is increasing by approximately 50% to over 32,000 in the next 15 years
  • The largest portion of Lincoln’s population is between the ages of 20-64 (56%), followed by 0-19 (25%), and then 65 plus (19%)
  • Lincoln ranks in the high category of building construction, along with Grimsby and Niagara-on-the-Lake
  • Hydro rates have risen over 15.7% in the past year

Why is this important?

  • As Lincoln continues to grow, so do the service demands of the Town
  • Utilities, supplies and materials are costing more across Ontario
  • These factors have a direct impact on the operations of the Town and our obligation to invest in our community for future years

2017 Operating budget

On your Town property tax bill, you see a blended tax rate. This means that while Lincoln sets a certain tax rate increase, it is only on the Town’s portion of your tax bill. The diagram below shows the breakdown or blend of taxes.

Breakdown of taxes:

  • Lincoln’s portion 33.4%
  • Niagara Region’s portion 51.4% (Region & Region waste)
  • Education 15.3%

 

 

 

 

 

 

 

 

How are property tax rates calculated?

Assessed value of your property X tax rate set for your property class = property tax

Municipal tax rates - set based on the Town and Region budget each year

School board rates - set by the province

Property assessments – set by the Municipal Property Assessment Corporation (MPAC)

These three rates provide the foundation on which municipalities base property taxes. In other words:

  • Each municipality determines how much it costs to provide all the services in a community - such as parks, fire protection, roads and sidewalks
  • Once that's done, the municipality takes all of the property values and determines tax rates for different property types to secure enough funds to provide these services
  • This tax rate is then used to calculate how much property tax residents will pay to the municipality. In addition to the municipal tax rate, the Province of Ontario sets the education tax rate, and Niagara Region sets the regional municipality rate, which determines their portions of the property tax bill.

So why do property taxes change year over year?

Taxes may change due to one or a combination of these factors:

  • A change in the annual budget or requirements for municipal operations, Regional operations or education and waste management amounts
  • A particular property assessment (market value) changed more or less than the average

 

Ten-Year Capital Plan

The Town of Lincoln is responsible for providing and maintaining capital assets and infrastructure to serve our residents and businesses. This can only occur if we are sustainable in maintaining our capital infrastructure assets and our financial assets over the long-term.

Infrastructure is expensive to build or buy, renew or replace and our historic and current sources of revenue are not keeping pace with municipal infrastructure needs. Yet there are affordability limits to property taxes and user fees. Getting the most value out of every dollar spent on infrastructure is therefore critically important.  The Ten-Year Capital Plan provides that view and enables Council to make decisions in the shorter-term by understanding the impacts of those decisions on the Town’s future capital investment requirements.

The Plan is a guideline that provides guidance during the annual budget preparation process. It is meant to be a framework and is subject to change and finalization through committee and Council.  It will continue to be reviewed annually and updated to provide a starting point for the preparation of the annual budget.

The Ten-Year Capital Plan is intended to provide Council a fulsome overview, one with detail and analysis on what the overall needs are for sustainable capital infrastructure across the municipality.

The Ten-Year Capital Plan consists of a listing of capital projects, identified by year, along with the respective financing sources.  The process used to develop and update the Plan involved the following:

  • All capital projects were identified and cost estimates prepared or updated,

  • Projects were distributed over the ten-year period in an effort to align them to needs, service requirements and funding,

  • Projects were reviewed for financing requirements,

  • Departmental staff aligned the requests and needs to ensure timing was phased and appropriate,

  • The Plan was adjusted to fit needs and financing.

The Plan is a guideline that provides guidance during the annual budget preparation process.  It will continue to be reviewed annually and updated to provide a starting point for the preparation of the annual budget.  It will also be updated to reflect any new government funding opportunities that may be introduced over the ten-year period.

Please click on the links below to access the 2017 - 2026 Ten Year Capital Plan and associated presentation material.

2017-2026 Ten Year Capital Plan

 

2015-16 Budgets

2016 Capital and Operating Budget 

2016 Capital Budget

First Capital Budget Presentation (11-11-2015)

Second Capital Budget Presentation (11-25-2015)

2016 Operating Budget

First Operating Budget Presentation (23-11-2015)

Second Operating Budget Presentation (30-11-2015)

Third Operating Budget Presentation (14-12-2015)

2016 Budget Open House Presentation (02-12-2015 & 03-12-2015)

2015 Capital and Operating Budget:

2015 Capital Budget    

2015 Operating Budget       

2015 Capital Budget Presentation - January 7, 2015                    
                                          

2015 Capital Budget Presentation - January 14, 2015 

2015 Operating Budget Presentation - January 21, 2015
                                         
2015 Operating Budget Presentation - January 26, 2015

2015 Operating Budget Presentation - January 28, 2015

2015 Budget Open House Presentation - February 4 & 5, 2015

 

 

                                  

                             
4800 South Service Road
Beamsville, Ontario
L0R 1B1
  

TEL: 905-563-8205
FAX: 905-563-6566
Emergency After-hours: 905-641-0971
info@lincoln.ca

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