Peterborough County Approves 2025 Budget

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Peterborough County Council has approved the 2025 Budget during Monday’s Council meeting.

Photo by David Tuan Bui.

The approved budget includes a 6.28 per cent tax rate increase (8.4 per cent tax levy increase) which reflects the County’s commitment to sustainable infrastructure and reducing dependency on reserve funding according to a press release.

Key highlights of the budget include:

  • Dedicated Infrastructure Levy: A 2.5 per cent allocation specifically for infrastructure needs.

  • Operational Sustainability: Elimination of reliance on reserved funding to support ongoing operations.

  • Tax Rate Adjustment: A tax rate increase of 6.28 per cent, amounting to approximately $66.00 for the average assessed household.

“Peterborough County Council is tasked with balancing the need to invest in our communities with the rising cost of living for our ratepayers,” said Bonnie Clark, Peterborough County Warden. “This budget enables continued investment in services to meet the needs of our residents and townships, provides for much-needed maintenance on key infrastructure, while eliminating the draw on reserves for operating needs. The work does not end here. County Council, the Finance Committee, and staff will continue to find efficiencies and opportunities throughout the organization in the months ahead.”

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