Town of Newmarket Council Meeting February 13 2023
Top 2 Need-to-Knows from Council on February 13:
Preliminary 2023 budget discussions have begun as Council continues to balance the needs of the community while ensuring fiscal responsibility.
This will be one of the most challenging years for Council due to high inflation. At this time a 7.67% tax increase has been proposed for 2023. Prior to arriving at this number, staff were able to refine the budget and reduced the budget impact by $3.7 million (5.33%) to take the original tax rate increase from 13% to the proposed 7.67%. The proposed rate equates to an increase of $14.5 per month ($19 per month including water, wastewater and stormwater increases) for the average home assessed by MPAC at $706,000 for the Town's portion of property taxes.
As budget deliberations continue, staff and Council will continue to look for ways to limit the impact to residents during this difficult time.
Council approved an automated speed enforcement (ASE) program to address speeding concerns and help keep streets safe. As part of the Town’s ongoing commitment to street safety, the program will introduce automated camera-based technology to detect speeding vehicles and issue tickets.