The City of Peterborough Draft 2022 Budget has Been Published and is Available for Review

The City of Peterborough’s Draft 2022 Budget has been posted online for public review ahead of City Council’s budget deliberations on Nov. 15.

Photo courtesy of the City of Peterborough.

Council received a presentation on the Draft 2022 Budget at its meeting on Monday.

Council will hold a public meeting to hear from the community on the Draft 2022 Budget on Nov. 15, before receiving presentations from local boards and agencies on Nov. 16 and holding its budget deliberations on Nov. 22 to 25.

Council is expected to consider approving the City’s 2022 Budget at its meeting on Dec. 13.

For information on how to register as a delegation at a Council meeting, visit peterborough.ca/delegation or call the City Clerk’s Office at 705-742-7777 ext. 1820

The Draft Operating Budget includes $298.2 million for programs and services, such as waste management, road maintenance, wastewater sewers and treatment, social assistance, affordable housing, recreation, arts and heritage, fire services, and policing.

The Draft Capital Budget includes $93.8 million for various infrastructure and capital projects such as road work, flood reduction efforts, facility maintenance, funding for the planned replacement of a fire station, sanitary sewer repairs, construction of a new twin-pad arena, and police capital projects.

The Draft 2021 Budget includes a proposed 2.75% increase in the all-inclusive property tax rate. A 2.75% all-inclusive property tax rate increase translates to an increase of $45.17 annually or $3.76 monthly per $100,000 of residential assessment.

“The City of Peterborough has done well navigating the trials of the pandemic and as we look forward there is still considerable risk,” said Councillor Dean Pappas, Council’s Finance Chair. “The sizeable engagement through the public budget ‘road/home show’ is a credit to the good people of Peterborough.”

The 2022 Budget process kicked off in March 2021 with the 2022 Budget Roadshow that included a series of drop-in style meetings held online and by phone as well as a survey that was available online and in paper copy.

The survey generated 503 responses with participants expressing their priorities for the community. A summary of survey responses was provided to Council ahead of setting the guidelines for drafting the 2022 Budget and was reviewed by City staff in the development of the draft budget documents.

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