PEC budget increase 2.54%; average tax increase .90%; tax rate decrease 5.36%

Prince Edward County Council received the report of the treasurer Tuesday morning stating that: The 2011 operating and capital budget be approved as amended with a net tax levy of $24,490,829, being a budget increase of 2.54%, an average tax increase of 0.90% and a tax rate decrease of 5.36%.
In approving the gross capital budget of $8,521,312 it is council’s intention that any excess capacity provided by any of these capital works will be paid for by future development charges and that the bylaw to set tax rates be brought forward to the April 26, 2011 council agenda.
Click below for Operating and Capital Budget – Draft 3 http://princeedward.fileprosite.com/FileStorage/557BA8571C0941668E0392D5962723B5-Workspace2011%20Budget%20-%20Operating%20and%20Capital%20Budge.pdf
Click below for reports listed below:
http://princeedward.fileprosite.com/Documents/DocumentList.aspx?ID=42649
The Ontario Regulation 284/09 and the 2011 Budget Report
The 2011 Budget – 2010 Assessment Growth and 2011 Assessment Roll Report
The 2011 Budget – Debt Level Overview and Estimated Debt Servicing Requirements Report
The 2011 Budget – Reserve Balances as at Dec. 31, 2010 and 2011 Budgeted Reserve Contributions and Transfers Report
The 2011 budget – Operating and Capital Budgets – Draft 3 Report