Council Reduces 2022 Tax Levy Requirement
Aylmer, ON – January 20, 2022
Aylmer Town Council has reduced the proposed net levy by a further 0.52% prior to final adoption.
“We know inflation and the pandemic are impacting our residents,” said Mayor Mary French. “Council wanted to do everything we could to help.”
The final net levy increase for 2022 was established at 2.7%. This amounts to an increase of upon the average household of $49.27 annually or $4.11 per month.
“This was a really challenging budget year as we saw the outcome of two multiyear tax assessment appeals in 2021 that resulted in negative assessment growth for the community,” said CAO Andy Grozelle.
Council achieved the 2.7% through a reduction in transfers to reserves and through applying a portion of their Council Initiatives Reserve.
“These were additionally one-time measures that Council believed were necessary given the unprecedented times our residents are facing,” said Mayor French.
Despite the transfers the Town continues to maintain a strong financial position with healthy reserves, low debt and significant increases in permits and new construction.