By-law #2026-04: Taxation Rates and Ratios for 2026 — full text

This is the exact embedded text of the captured official document. Snapshot 114131567f3b · verified 2026-06-09 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

THE MUNICIPAL CORPORATION OF THE Township of Cockburn Island BY-LAW NO 2026-04 BEING A BY-LAW TO ADOPT THE ESTIMATES OFF ALL SUMS REQUIRED DURING THE YEAR AND TO STRIKE THE RATES OF TAXATION AND ESTABLISH RATIOS etc. FOR THE YEAR 2026 WHEREAS the Municipal Act, C 25, R.S.O. 2001, amended provides that the Council of a local Municipality shall adopt the estimates for the year, and establish appropriate tax rates on the appropriate assessments. THEREFORE, the Council of the Corporation of the Township of Cockburn Island enacts as follows: 1. The attached estimates shall be adopted. And there shall be levied and collected upon the assessable lands $106,398 Residential and $ 1,002 Managed Forest for the General Purposes of the Municipality. 2. Increases within a line item of less than 10 % will be acceptable without a budget amendment and any resultant overall increase to come from "reserves" or other unused function savings, if not from other revenues. 3. The above amount will require that the following amounts tax rates be applied: Residential 1.207747866 Managed Forest 0.2960166 4. That in addition thereto the following Education Rates shall also be applied: Residential 0.153 Qualified Forest Lands 0.03825 5. That all taxes shall become due and payable on the 31st day of July, 2026. 6. Non-payment of the amount by date as noted, in accordance with this by-law constitutes default. On all taxes of the levy which are in default after the noted due date shall be added a penalty of 1.25% per month, from August 1st until December 31, 2026 7. On all taxes unpaid as of December 31, 2026 interest shall be added at the rate of 1.25 % per month, for each month or fraction thereof in which the arrears continue. 8. All taxes are due and payable to the Township of Cockburn Island at the municipal office, Box 209, 90 Bass Point Rd., Spanish, Ontario, P0P 2A0. 9. That tax ratios for the Municipality are as follows: Residential/Farm 1.0000 Multi Residential 1.0000 Commercial 1.0000 Industrial 1.0000 Farmlands 0.2500 Managed Forests 0.2500 10. And that no other measures will be taken with respect to: Tax Reductions Graduated Taxes Optional Classes Read a first and second time this 4th day of February, 2026 Read a third and final time this 4th day of February, 2026 __________________________ Mayor: Brenda Jones Clerk: Brent St. Denis This is a certified true and complete copy of the By-law numbered as above of the Municipality in the Province of Ontario, duly passed at a meeting of the Council of the Municipality and that this By-law is in full force and effect. Dated this 5th day of February, 2026 Signed Brent St. Denis, Clerk-Treasurer COCKBURN ISLAND TOWNSHP 2026 Revenue BUDGET 4010 · Gen Levy Res. & Farm 106,398 4010 Levy on Managed Forest 1,002 4355 - NCC Levy Contribution est'd 38,000 4340 · Ont Grants Capital OCIF FORMULA 125,000 4330 - FEDERAL GAS TAX 1,006 4345 - NORDS GRANT 50,000 4360 · ONT Provincial Offences 35 4400 · Prov. Pavm't ILT general 1,900 4500 · Ont. Uncond. Grant 201,400 POT-HOLE PROGRAM (PROVINCE) 38,000 4715 · Building Permits 2,000 4731 · Interest to Arrears (EST'D) 1,000 4733 · Interest on Other - bank 4,000 4780 · Tax Cert. & Misc. 250 4800 · Helipad Revenue ORNGE 5,000 4765 MISC INCOME 5,000 4345 - CEGP FIRE GRANT - 2025 22,500 4910 · Wharf Fees Collected 9,000 Total Revenue 611,491 EXPENSES 5005 · Mayor 3,680 5006 · Councillors 14,682 5007 · Council Misc 1,500 5008 - Council subscriptions, Assoc 500 5100 · Office Contract-ADMIN & OFFICE 37,267 5101 · New CT transition MISC COSTS INCL IT ETC 5,606 5100 - ELECTION FALL 2026 2,000 5101 -QUICKBOOKS ONLINE 389 5101- TAX SOFTWARE ANNUAL SUPPORT 1,350 5110 · Office Supplies, printing etc 2,000 5115 · Island Telephone and internet 1,722 5116 All Hydro 9,500 5130 Office Legal & Audit 17,000 5150 · Insurance Premiums 26,931 5171 · Bank Charges Gen 900 5195 · Assessment 11,227 5219 Building Maintenance Materials 6,000 5220 Fire Materials INCL FM ASSISTANT 1,500 5226 · Policing 19,455 5229 · Building Official Costs 2,000 5240 Emergency Response 2,500 5300 · PW Materials 15,000 5301 · FUEL 5,000 2010 - DEBENTURE PAYMENT 27,800 5315 - LARGE EQUIPMENT Maintenance 10,000 5310 Public Works Wages 82,634 5330 Roads Contract incl NORDS funding 45,000 5500 · Land Fill Site Mat, Etc 2,000 5500 · Land Fill - ARO, TULLOCH 7,000 5610 · Centennial Manor 5,602 5650 · Man./Sud. Ontario Social Services 21,000 5660 - SUD AND DIST HEALTH UNIT 356 5670 · Helipad Expense 1,230 5680 · Cemetery 500 5740 · Rec. Material 4,000 5760 · Donations & Tributes 300 5800 · Wharf expenses (share rev, O&M, S/C) 10,000 5850 · Planning 2,500 Total Expenditures 407,631 Surplus/-deficit BEFORE CAPITAL 203,861 *CAPITAL* *CAPITAL* 1820 SIDE-BY-SIDE OR 4X4 TRUCK - CAPITAL EQUIPMENT 30,000 1870 STREETLIGHTS ASSUME CAPITAL - ROADS 35,000 5370 DOCKS REHABILITATION - CAPITAL DOCK 20,000 5220 Fire Materials ( 2025 CEGP GRANT) 22,500 5500 · Land Fill Site CLOSURE SAVINGS ACC'T 10,000 A GRAVEL UNDER POTHOLE GRANT OF $38K 38,000 JOHN DEERE BOOM MOWER, 120 HP 130,000 SCREEN EXTRA A GRAVEL - ADD TO POTHOLE GRANT 40,000 TOTAL CAPITAL 325,500 NET AFTER ABOVE CAPITAL -$ 121,639 FROM RESERVES (GIC) 121,639