Leamington residents will need to dig a little deeper in 2024 after council approved a tax hike last week.
The 3.8 per cent increase works out to an additional $93.89 for an average urban home assessed at $190,000.
According to the municipality, the increase is approximately $7.82 a month and for every $100,000 of assessment, the increase amounts to $49.42.
In a release, Leamington mayor Hilda MacDonald said, "The necessary tax increase, driven by inflationary pressures and the priority to address our community's rapid growth, is a measured response to the economic realities we face. This budget reflects a delicate balance between sustaining essential services, investing in critical infrastructure, and acknowledging the needs of our residents. We understand the impact on households, and every decision made has been with a focus on maintaining the quality of life that defines Leamington."
Leamington's 2024 capital budget, totals $60.3 million and includes infrastructure investments for sewer separation and road reconstruction projects.
It also includes carry-forward projects from 2023, primarily focusing on infrastructure growth, renewal projects, and parks.
Major 2024 capital projects include:
Audrey/Margaret/Jane/Claire Sewer Separation
Seacliff Reconstruction – Phase 3-4
Road Resurfacing
2023 carry-forward capital projects include:
Mersea Park Renewal
Rick Atkin Park Renewal
Wigle/Orange/Setterington Mill Watermain Replacement
PCC Headworks Upgrade
Emergency Generator
Seacliff West Trunk Sewer Extension
Southwest Leamington Storm Water Management (SWM) Pond Construction
Oak Street Sewer Relining
Leamington Marina Parking Lot