Cambridge City Council approves 2018 operating and capital budgets

Cambridge, Ontario. Dec. 20… Last night, Cambridge City Council approved the 2018 operating budget with a 1.98% tax rate increase to maintain City services and a 2.54% tax rate increase for operating expenses related to capital projects.

Throughout the budget process, which started in September and included community engagement and consultation, staff worked to lower the tax rate as much as possible. This was completed through an extensive review process conducted by staff and the Budget and Audit Committee.

“We came together and recognized that some difficult decisions had to be made and we have worked closely with staff to prepare a budget that is fiscally responsible through a transparent and open process,” said Councillor Mike Mann, Chair of the Budget and Audit Committee.  “Every department in the City has been involved in this process in terms of ensuring the best possible service to residents at the best possible rate.”

Savings included a reduction in corporate training and flatlining grants to community groups.  Another adjustment included $125,000 in savings identified within the library system. The proposed closure of two of the City’s aging outdoor pools (and replaced with splash pads) was considered by the committee.   However, it was decided to keep the pools open for the next two years.

City Manager Gary Dyke noted that the budget increase was due, in part, to previously approved significant projects which include the new fire station and the Old Post Office restoration.  Both are expected to be completed next year. 

Fire Station No.6 will provide primary response coverage for a growing industrial area, and also provide backup for Preston and Hespeler. The historic old post office, which has been sitting empty, will be transformed into a digital library and community space that will draw people downtown and attract new businesses in the area.

“While the budget was impacted by these larger projects, I would like to point out the economy as a whole is doing well in Cambridge,” he said. “We are seeing new businesses moving here, land is being sold at Boxwood Industrial Park and our larger companies are expanding with job growth. “

Water rates will increase 3.33% representing an average household impact of $35.59 per year. The rate is substantially lower than the initially forecast of 5.53% primarily due to successful efforts to reduce the water loss in the City’s distribution network.

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Primary Media Contact:

Susanne Hiller
Director, Communications
Corporate Communications Division
City of Cambridge
hillers@cambridge.ca