December 16, 2020
At a extraordinary sitting held Tuesday, December 15, Municipal Council unanimously adopted an operating budget of $21.3 million for the year 2021. This budget focuses primarily on sound financial management, the environment and active transportation.
Council also adopted a property tax freeze on the annual account for an average residence.
For 2021, the property tax rate is reduced by 6%:
The filing of the new three-year assessment roll 2021-2022-2023 showed an average increase in taxable assessments of 6% across all categories. As a result, Council voted in favour of an equivalent decrease in the property tax rate for both residential and non-residential properties. This is in addition to the increase in revenues generated by new developments, which results in a property tax freeze for an average residence.
Highlights
The budget also includes nearly $4 million allocated to debt service payments and $6.2 million in salaries and benefits. The remainder of the budget is for the normal operations of the Municipality and the maintenance of services to citizens.
Municipal Council adopted its Triennial Capital Expenses Plan (TCEP) for the years 2021, 2022 and 2023 on November 3. It includes investments of $20,258,385 divided into annual phases.
Priority Projects
Chelsea residents will receive their tax bills by the end of January. This will be accompanied by a brochure explaining the budget highlights.
Payment of the four coupons is due on the following dates:
For details regarding the payment of municipal taxes, click here.
On behalf of everyone, we wish you a Happy Holiday Season at home and a Happy New Year!