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Budget 2012

Kitchener city council approved the 2012 operating budget on January 19. The budget includes a property tax increase of 1.41 per cent. Factoring in the city's annual contribution to the economic development investment fund (EDIF), this equates to an increase of 2.39 per cent or $23 per year - for the average household.

Through careful collaboration, city council managed to reduce the initial projected increase of 3.87 per cent, underscoring their collective commitment to balance the need to provide valued services and programs to residents, while maintaining a reasonable level of property taxation and preserving the city's long-term financial well-being.

In an effort to minimize the projected property tax increase, the following measures were adopted for the 2012 budget:

No new services were introduced.
No additional staff positions (tax funded) were proposed.
Reductions to controllable expenditures were made across all city divisions.

2012 Budget Key Figures

Operating Budget
City of Kitchener tax rate increase, excluding EDIF:	1.41%
Increase in economic development investment fund (EDIF) levy:	0.98%
Total city tax rate increase	2.39%
Annual impact of city tax rate increase on average household ($233,000 assessment)*	$23
Assessment growth	1.81%
Net tax levy requirement	$99,024,462
Storm sewer rate increase	3.0%
Annual impact of storm sewer rate on average household	$4
Water rate increase	3.5%
Annual impact of water rate increase (250 m³annual consumption)	$14
Sanitary sewer rate increase	4.0%
Annual impact of water and sanitary sewer rate increases on average household (250 m³ annual consumption)	$17
* excludes impact of regional and school board tax rate changes as well as tax policy changes

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