Public meeting to be held regarding Carleton Place draft budget

A public meeting on Carleton Place’s proposed 2025 Budget will be held on Tuesday, Nov. 26 during council’s Committee of the Whole meeting. Council is proposing a 4 per cent tax rate increase to cover rising costs to provide services as well as rising infrastructure renewal costs. This represents an annual increase of $86.84, or $7.24 per month, based on a home assessed at $289,000 which is the median home value in Carleton Place for 2024.
 
In addition, the Town’s 2025 OPP policing contract is going up $622,272 to $3,022,802. This represents a 26 per cent increase over the 2024 contract amount of $2,400,530, which will require a 4 per cent tax levy to cover this additional amount. This would result in an additional annual increase of $86.84, or $7.24 per month to the increase noted above, based on a home assessed at $289,000. 
 
Therefore, the overall tax increase of the 4 per cent tax increase and 4 per cent OPP increase will be an annual increase of $173.68, or $14.48 per month based on a home assessed at $289,000.
 
The Treasurer’s budget presentation will be available on the Town’s website after the public meeting at which point comments/input on the proposed levy increase will be accepted until 4:30 p.m. on Thursday, Dec. 5, and final budget approval is scheduled to occur during the Dec. 10 regular Council meeting.