In 2019, a new grant program called Investing in Canada Infrastructure Program was announced. Eager to secure funding for some local projects, an application was made under the Community Culture and Recreation stream, where 73.33% of project funding requirements are covered by the Federal and Provincial governments. When these grant… Continue reading
Last month, Peterborough County Director of Finance Trena DeBruijn presented the summary of activity for the Development Charges (DC) revenue and expenses for 2020. This is a mandatory report submitted to the Ministry of Municipal Affairs and Housing as required by the Development Charges Act. Development charges are one-time fees… Continue reading
The 2021 Municipal budget analysis began with a bit of welcome news: at the end of 2020 there was an operating surplus of almost $250,000. All departments contributed to this surplus through reduced costs stemming from temporary lay-offs, reduced hours of service, fewer events, reduced travel and office expenditures. Efforts… Continue reading
Property tax bills in Cavan-Monaghan include allocation to three service providers: the municipality, Peterborough County and the Ministry of Education. Each of them determine their funding requirements based on their own operations, legislative requirements and ratepayer expectations. Of the 2020 property tax receipts paid to Cavan-Monaghan, 58% were retained for… Continue reading
The first draft budget outlined in Director of Finance Kimberley Pope’s December presentation was unique in several ways. First, the Operations Budget showed just a 0.1% increase over that of 2020, which is good news. Last year that section showed an increase of 15.9% over the previous year. Second, because… Continue reading
After years in the works, a revised plan of subdivision application for Phase 2 of the Towerhill Subdivision was published last week, providing a look at the developer’s vision for the next phase of the Highlands of Millbrook, in planning documents referred to as Towerhill North. The proposal is now… Continue reading
The results of the 2019 Millbrook Community Improvement Plan (MCIP) were reviewed at the October 5th Council meeting. It was established to stimulate investments in businesses within the downtown Millbrook business area through incentives to subsidize investment in Façade and Signage improvement, Building and Site Improvement and Sidewalk Cafes. The… Continue reading
In a report submitted to Council last month, Cavan Monaghan Director of Finance Kimberley Pope reported that the financial impact of COVID-19 on the municipality totalled $302,875 as of the end of August. Of this, $188,760 is attributable to lost rental revenues from recreational facilities of $67,747 and late payment… Continue reading
Late last month, the township received the fourth quarter (January 1 to March 31, 2020) non-tax gaming revenue payment of $86,016 for hosting Shorelines Slots at Kawartha Downs. Any payment for the next quarter will be significantly lower as the facility, along with all OLG facilities and service providers closed… Continue reading
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