HomeMy WebLinkAboutTIV 94 007 mill rates 1994
THE CORPORATION OF THE VILLAGE OF TIVERTON
BY-LAW NUMBER 1994-07
A By-law to set the mill rates, rate of interest and penalty
and due dates for the year 1994.
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WHEREAS Chapter M45, Section 155 of the Municipal Act,
R.S.O. 1990 requires the Council of every municipality in
each year to prepare and adopt estimates of all sums required
during the year for municipal purposes, including a sum
sufficient to pay all debts of the corporation falling due
within the year, and including the school and upper tier
purposes.
AND WHEREAS the Council of the Village of Tiverton has
considered the estimates of the requirements of the
municipality, and it is necessary that the following sums be
raised by means of taxation for the year of 1994.
For the Village of Tiverton
$139,014.00
$45,846.00
For the County of Bruce
For the Elementary School
Public
$113,991. 00
For the Secondary School
Public
$88,725.00
For the Elementary School
Separate
$13,587.00
For the Secondary school
Separate
$6,541. 00
AND WHEREAS the assessment of each of these bodies for which
it is necessary to levy rates is as follows:
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RESIDENTIAL COMMERCIAL
For the Village of Tiverton 6,885,740 770,938
For the County of Bruce 6,885,740 770,938
For the Public School
Elementary and Secondary 6,262,236 737,765
For the Separate School
Elementary and Secondary 623,505 33,173
page 2, By-Law 1994-07
NOW THEREFORE the Council of the Village of Tiverton enacts
as follows:
1. That the estimates as listed above be adopted.
2. That there shall be levied and collected upon the
assessable property and businesses within the Corporation
of the Village of Tiverton the following rates for the
year 1994.
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52.1531 mi 11 s for Public Residential and Farm
54.1011 mi 11 s for Separate Residential and Farm
61.3574 mi 11 s for Public Commercial and Business
63.6484 mi 11 s for Separate Commercial and Business
to be divided as follows:
Residential Commercial
Public Public
I General Purpose 17.839 20.987
County 5.8831 6.9214
Elementary Public 15.987 18.809
Secondary Public 12.444 14.640
TOTAL 52.1531 61.3574
Residential
Separate
Commercial
Separate
General Purpose
17.839
20.987
County
5.8831
6.9214
24.126
Elementary Separate
20.507
9.872
11.614
Secondary Separate
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II
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II
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TOTAL
54.1011
63.6484
That the rate of penalty on overdue current taxes be levied
at 1.25% per month, 15% per annum. Penalty to start after
the 1st due date of the first instalment.
That the due dates for the payment of taxes be as follows:
1st Interim instalment due March 15th, 1994.
2nd Instalment due June 15th. 1994.
3rd instalment due September 15th, 1994.
4th instalment due November 15th, 1994.
l. Any surplus/deficit occurring from water
estimates will be put into or taken from the
water reserve.
2. Any surplus/deficit occurring from sewage estimates
will be put into or taken from the sewage reserve.
page 3, By-law 1994-07
3. Any surplus/deficit occurring at December 31, 1994 from
estimates will be put to or taken from Unapplied Capital
4. Upon the passing of this by-law, By-Law # 1992-10, known
as the by-law to provide for any surplus or deficit
moneys from estimates is hereby repealed.
5. This by-law shall come into force and effect upon the
date of the final passing thereof and may be cited at the
"1994 Budget By-Law".
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Read a First, and Second time this ~l( day of May, 1994
Read a Third Time and finally passed, signed and sealed this
day of May, 1994.
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Clerk
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VILLAGE PURPOSES
Revenue raised through mill rate
b'58571(0
17.839 x 17.8J!t
$122,834.72 realty
;
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20.987 x 559,453
11,741.24 commercial
20.987 x 211,485
4,438.44 business
Telephone/Telegraph
698.00
2,923.74
113,278.00
G.I.L.
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Grants
water charges
water debenture
sewer charges
sewer debenture
32,914.00
6,320.00
60,173.00
10,067.00
fees & services
34,670.00
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TOTAL REVENUE
400,058.14
EXPENSES
administration 65,123.00
by-law 14,900.00
cemetery 5,000.00
conservation 2,928.00
environmental 38,758.00
planning 3,124.00
streetlights 8,000.00
recreation 25,780.00
CPO 500.00
general government 17,240.00
library 3,119.00
medical centre 4,600.00
. road operating 54,472.00
road construction 48,600.00
sewer 65,581. 00
water 39,121.00
EXPENSE TOTAL 396,846.00
contingency 3,212.14
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