Pelham Town Council approves 2024 Capital and Operating Budgets

FOR IMMEDIATE RELEASE

December 21, 2023

Pelham, ON – Council for the Town of Pelham has approved the 2024 Capital and Operating Budgets at the December 20th meeting of council. The budget process begins in the late summer of each year and is finalized with the annual approval.

The final municipal tax levy increase for 2024 is 3.77%. For the average residential property with an assessed value of $377,000, this would be an increase of approximately $83 per year. The draft 2024 Operating Budget had been previously presented to the Committee of the Whole (COW) on December 13, 2023.  

“The 2024 Town of Pelham budget includes less debt, larger reserves and continued infrastructure renewal and investment. It is a very good story,” said Town of Pelham CAO, David Cribbs.

The municipal budget outlines the priorities of the Town of Pelham, determines the level of service provided to Pelham residents and guides decisions on spending for services and infrastructure. Each year, with input from Pelham residents and businesses, Town staff provide a preliminary budget. Thereafter, the Mayor and Council make decisions about Pelham services, programs and infrastructure and approve the final budget. The Town budget is about setting goals and building a great community together.

The draft 2024 Water and Wastewater budgets will be presented on February 7, 2024, and will return to Council for consideration of approval on February 21, 2024. Residents will receive the 2024 tax bill in the spring, which is accompanied by supporting material to show the breakdown of how tax dollars are spent within Pelham.

Taxes are calculated based on the assessed value of each property, provided by the Municipal Property Assessment Corporation (MPAC) and multiplying the assessed value of the property by the total tax rate for the class of property.

Residents can learn more about the budget and schedule at www.pelham.ca/2024budget

-30-

For media inquiries, please contact:

Leah Letford, Communications Specialist | 905-980-6653 | lletford@pelham.ca