The good news for Belleville taxpayers – a drop in municipal taxes for 2020.
City council met in the council chambers on Monday, after months of virtual meetings, to debate the operating budget.
It approved the final figure that gave the four residential ratepayers categories the tax rates at minus .21% to minus .02%.
Director of Finance Carol Hinze reported that the financial impact of COVID-19 on the city finances is $2.1 million, which is being paid for through reserve funds.
Panciiuk noted a number of things have been deferred.
Council but $350,000 in encouraging housing construction, down from $1.5 million indicated at the Housing Summit last year.
Covering COVID-19 costs
Belleville expects to eventually get some provincial and federal money to help with the COVID-19 costs. Panciuk says,”It’s virtually a certainty that we will get some assistance from the upper levels of government…Ontario and the federal government, as far as I understand, have come to an agreement. They know what we want. It’s just some other provinces are negotiating and dealing with it. It’s politics. It’s national-provincial politics in Canada between constitutional rights and duties. Some provinces don’t want to have any conditions about the funding from the federal government.”
However, there are now funding costs with some of the moves the city had to make totalling about $740,000, meaning the cost to the city was actually closer to $3.4 million.
Panciuk suggested that based on the Federation of Canadian Municipalities request for $10 billion from the federal government, Belleville’s estimated share of that would be about $3.4 million.
Councillor Ryan Williams is expected to introduce a motion at the next regular council meeting on July 13 regarding the funding.