The 2018 Budget focuses on supporting Council’s five priority areas, with an emphasis on improving and sustaining existing infrastructure, continue a path toward organization and community sustainability so the Town is prepared for growth and increased service delivery demands/needs. We continue to need to invest in basic services.
Affordability for our residents and businesses remains a focus in all decision-making.
The Town of Lincoln's budget is comprised of:
- Expenses - the cost of delivering services, water and wastewater, and capital projects
- Revenue - funds the Town gets from other funding sources to offset expenses e.g., other levels of government, advertising/sponsorship, asset disposal
- Transfers from reserves - reserves are pockets of savings that are for specific uses - e.g., water/wastewater reserve, development charge reserve
Budget Impact to property taxes
Lincoln’s tax bill accounts for three agencies. In addition to the Town of Lincoln's portion (35.7%) of the tax bill, property taxes pay for the delivery of community programs and services by Niagara Region (50.7%) and the school boards (13.6%). Therefore, the impact to property taxes is a combination of these three agencies. Often referred to as a blended rate and this is what a resident will see on their tax bill.
Therefore, this year, the budget impact (2.11% blended rate increase) to a property tax bill are, per property assessment values of:
- $100,000 = $25.89
- $250,000 = $64.74
- $375,000 = $97.11
- $450,000 = $116.53
- $575,000 = $148.89
Lincoln remains the 3rd most affordable municipality in Niagara when considering municipal property taxes and rates as a percentage of household income.
Value for money
A portion of every tax dollar is used to provide a wide range of programs and services to ensure a high quality of life for residents.
For every $1 of the Town's portion of your tax bill:
2 cents economic development
4 cents health & social services (cemeteries, Lincoln Centre)
4 cents planning & development
7 cents library
12 cents fire services
17 cents civic administration (Council, Finance, Admin, CAO's office, and Clerks)
25 cents parks, recreation, and culture
29 cents roads & sidewalks
Budget by the numbers
*2018 Tax Levy includes projected assessment growth of 1.2%
Factors impacting budget and property taxes
Did you know?
- Lincoln is the 4th fastest growing municipality in Niagara
- Interestingly, while the 4th fastest growing, Lincoln is the 3rd lowest in property taxes per household
- Lincoln’s population currently sits just under 24,000 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 15-64 (62%), followed by 65 plus (21%) and then 0-14 (17%), with average age of 43.
- Lincoln ranks in the high category of building construction, along with Grimsby and Niagara-on-the-Lake
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
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