Carleton Place has made some adjustments to its 2025 Municipal Budget, and passed a document suggesting a tax increase of 5.5 percent for the coming year.
During the December 10th municipal meeting, Council reduced the proposed 3.9% tax rate increase to 2.9% based on feedback from the community. The increase is required to cover rising infrastructure renewal and service delivery costs.
In addition, the Town received one-time provincial funding of $428,787 to partially offset the 2025 OPP policing contract increase of $622,270.
Council chose to use one-half of this funding to reduce the OPP tax rate increase for 2025 from the proposed 4.1% down to 2.6% placing the other half of the one-time funding into a reserve to offset the anticipated OPP cost increase in 2026.
Therefore, the overall tax increase of 5.5% (2.9% Town + $2.6% for OPP) was approved.
This means an annual increase of $110.05 per year, or $9.17 per month based on a home assessed at $293,000.
By Rick Stow