Budget Spotlights 2025 #9: A Snapshot of the Final Budget
The Final Budget is now available to view!
Visit our Budget and Finances page.
The Municipality of Mississippi Mills’ 2025 budget establishes a solid foundation for the future with investments in infrastructure and services, while being mindful of the financial challenges that lie ahead.
Projects and initiatives that support Council’s six strategic priorities have been incorporated into the 2025 budget planning process, with a focus on ensuring that Mississippi Mills is safe and sustainable, and an emphasis on a welcoming, inclusive, active, and healthy community.
Overall, the budget planned for a total of $40 million in spending, with $27 million going toward operating expenses and $12 million to capital projects. New to the budget this year includes a category specifically for housing and growth.
TAXES
Property taxes are collected on behalf of the Municipality and the school boards. Residents will see a 3.68 per cent overall increase in Municipal taxes in 2024. The breakdown of this combined tax rate is 5.2 per cent increase in municipal property tax, 4.39 per cent increase to the police levy, three per cent increase in county taxes, and a zero per cent increase to the school levy. A median home with the value $338,000 can expect to see a $92.78 increase to their annual tax bill, or about $7.73 a month.
Of your total tax bill, approximately 52 per cent funds lower-tier municipal services, 35 per cent funds upper-tier county municipal services and 13 per cent funds the school boards.
CAPITAL PROJECTS
A significant investment in capital and infrastructure is planned for 2025, and funding for these projects comes from a variety of sources as detailed in the chart below:
Major capital spending in 2025 includes $435,000 for the purchase of a new plow truck, over $3.6 million in paving and roads improvements, and over $5.9 million in water and sewer
FUNDING
Funding of Municipal programs, services, and capital projects comes from many sources. Overall, a budget of $40 million in 2024 is funded by grants, bank financing, draws from reserves, fees and charges, water and sewer billing, and taxes.
Thank you to residents who provided feedback and responded to our budget survey, we appreciate your input and we look forward to the year ahead!
Contact Us
MUNICIPAL OFFICE
3131 Old Perth Rd
Box 400
Almonte ON, K0A 1A0
Email: Town@mississippimills.ca
Phone: 613-256-2064
HOURS OF OPERATION
Monday to Friday, 8:30 a.m. to 4:30 p.m. except on Statutory Holidays
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