Every year during budget season, Hamilton’s operating budget starts at around 4 to 5% estimated tax increase. Over the course of two or three months of deliberations is when council is able to whittle the rate down. Over the past five years Council has held the annual tax increase to around 2 to 2.5% which is in keeping with the cost of living increases. This year will be a challenge due to Provincial costs being downloaded to municipalities, rate of inflation wage increases and annual municipal maintenance cost escalations.
Some important notes for the 2020 budget: A new Fire Station will be built in Waterdown with an investment of $8 million dollars. The Hamilton Fire Department will begin the process of constructing the new station this year 2020 with an estimated completion date of 2021-2022.
Approximately $70 million is being invested into the completion of the Waterdown North Corridor East West and Waterdown Road North South Bypass. This very necessary road infrastructure is good use of your tax dollars.
For more information about the 2020 budget, please click here.