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21-20 Adoption of Budget and Establish 2021 Tax RatiosCOUNTY OF ELGIN By -Law No. 21-20 " BEING A BY-LAW TO AMEND BY-LAW 21.03 BEING A BY-LAW TO PROVIDE FOR THE ADOPTION OF THE 2021 BUDGET OF THE CORPORATION OF THE COUNTY OF ELGIN AND TO ESTABLISH THE 2021 TAX RATIOS, AND TO ESTABLISH THE 2021 TAX RATES FOR THE COUNTY CONSTITUENT MUNICIPALITIES" WHEREAS Section 289 of the Municipal Act, 2001, S.O. 2001, c.25, provides that the Council of each upper -tier municipality shall in each year prepare and adopt estimates of all sums required during the year for the purposes of the upper -tier municipality; and, WHEREAS Section 308(5) of the Municipal Act, 2001, S.O. 2001, c.25, provides that the Council of an upper -tier municipality shall in each year establish the tax ratios for that year for the upper -tier municipality and its lower -tier municipalities; and, WHEREAS Section 308(7) of the Municipal Act, 2001, S.O. 2001, c.25, provides that the Council of each upper -tier municipality establish for each property class, a single tax ratio for the upper -tier municipality and its lower -tier municipalities; and, WHEREAS Section 308(15-18) of the Municipal Act, 2001, S.O. 2001, c.25, provides that the Council of each upper -tier municipality may opt to have certain optional property classes apply within the County; and, WHEREAS the province, starting in 2018, has giving municipalities the option to reduce the property tax rate on qualifying value-added activities that occur on farms as part of the farming business to 75 per cent lower than the industrial or commercial tax rates that would otherwise apply; and, WHEREAS the local municipally owned landfill sites in Dutton Dunwich and West Elgin did not previously pay property tax to the County for these properties and the new landfill tax ratio would unfairly penalize the local municipalities; and, WHEREAS it is necessary to apply the revenue neutral landfill ratio/tax rate; and, WHEREAS the Municipal Act, 2001, S.O. 2001 c.25 s.107 provides that Council may make grants to any body Council deems in the interest of the municipality NOW THEREFORE the Municipal Council of the Corporation of the County of Elgin enacts as follows: 1. THAT the large industrial class be chosen as an optional property class. 2. THAT the optional 75% reduction in the Small -Scale On -Farm Business Sub - Class tax ratio remain in effect. 3. THAT the municipalities of Dutton Dunwich and West Elgin be granted relief on the full portion of the County property taxes on the landfills that these municipalities use for local resident waste. 4. THAT the 2021 tax ratios for the County of Elgin set out on Schedule "A", attached hereto and forming part of this by-law, be approved and adopted by Council. 5. THAT the 2021 budget of the County of Elgin set out on Schedule "B", attached hereto and forming part of this by-law, which incorporates estimates for revenue and for expenditures be approved and adopted by Council. 6. THAT the 2021 tax rates for the assessment in each property class set out in Schedule "C", attached hereto and forming part of this by-law, be approved and adopted by Council. 7. THAT the 2021 ten-year capital plan, set out in Schedule "D" attached hereto and forming part of this by-law, be approved and adopted by Council. 8. THAT debentures of $6 million in 2021, as part of a plan to borrow $44 million between 2020-2030 to fund the ten-year capital plan, be approved by Council. READ A FIRST, SECOND AND THIRD TIME AND FINALLY PASSED THIS 11T" DAY OF MAY 2021. Julie GonVou, Chief Administrative Officer. Tom Marks, Warden. COUNTY OF ELGIN By -Law 21-20 2021 SCHEDULE A Ratios Farmland Awaiting Dev. 0.5000 0.5000 New'IMulti-Residential Multi -Residential 1.0000 1.9999 1.0000 1.9999 Commercial;- Occupied 16376 1.6376 Commercial- Small Value Added Farm 0.4094 0.4094 Commerciall- Vacant Land 16376 1.6376 Industrial - Occupied 2.2251 2.2251 Industrial -`Small Value Added Farm 05563 0.5563 Industrial- Vacant Land 2.2251 2.2251 Large Industrial - Occupied; 2.8318 = 2.8318 Large Industrial - Vacant 2.8318 2.8318 Pipelines Farm 1.1446 0.2300 1.1446 0.2300 Managed Forests 02500 02500 Landfill 33.402646 33.402658 0 N N E m u J G! � Z M O O r-I .-� n rl to In m iZ M O m .--� I m h ooO m tD O I� < .-1 C co O tD a w m 0N0 m m v N C N 7 61 R' w m l0 to 1p ct tl1 cY M m N W f N to W m R 00 1� w w m N m t0 m ' w o'. :ot 7 M Y m m m a-I'�. w v o w ZL d Z m m to m C i� rl e-1 N m m i � a i W Y � � U 00 � O m to IA m m m a-i to to m m oo N ei m N V C ooN O cr, n N O mLc� M to Y � R � d O. 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Levy ($000) 37,275 39,060 4.8% Memo: Change in Levy Increases on existing buildings 1,096 2.9% Levy generated on new buildings (growth) 689 1.9% nq � $ q # \ \ j } ± / a � 2 /oo ® , 2 z 7 / \ ) \ \ \ 2 \ ) \ � } $ \ 6 \ ® ƒ ) \ , ( « \ ( Z \ \ § 2 o § f \ k \ \ \ \ \ \ \