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TINY TOWNSHIP BUDGETS,
ASSESSMENTS AND TAXES,
2008
This page directs you to the files. A good place to begin is with the
EXPLANATORY NOTES
NOTES.pdf
A brief overview of trends in assessment, taxes and the Township's budgets
can be found at
OVERVIEW.pdf
A brief discussion of the political accountability for each of the three components of the
property tax rate in Tiny can be found at
ACCOUNTABILITY.pdf
SHORT BUDGETS
Find the Township's "Short Budgets" from 1999 to 2008 at
BUD.pdf
INFLATION-ADJUSTED BUDGETS
Although inflation averaged only 2.6% a year between 1999 and 2008, the cumulative rise
in the price level nonetheless amounted to 26%. We have therefore restated the Short Budgets
from 1999 to the present in current dollars to clarify the trends in "real terms." (Since inflation
for 2008 is not yet known, we have estimated it at 2%). Find them at
IAD.pdf
ASSESSMENTS AND TAX RATES
Since 1998, property assessment in Ontario has been based on estimates of current
market value. The estimates are the responsibility of a provincial agency, the Municipal
Property Assessment Corporation. Three tax levies are based on these assessments,
namely those for the municipality, for the County, and for education services. The
Township bills two further charges at the same time as the municipal tax levy, namely
water charges (only on those who are or could be connected to municipal water systems)
and garbage collection charges. The relevant data, and data for the previous three years
as well, can be found at
ASS1.pdf
ASS2.pdf
ASS3.pdf
LONG BUDGETS
A detailed, line-item record of transactions in the Township's general fund is published every
year after the Budget has been approved. A summary of this information, showing both budgeted
figures and after-the-fact actual revenues and expenditures, including all transfers to and from
reserves and Reserve Funds, is provided at
DETAIL.pdf
RESERVES AND RESERVE FUNDS
Tiny Township sets aside various reserves and Reserve Funds for different purposes. The former
are simply notionally set aside within the Township's general fund; the latter are separate from the
general funds and have their own bank accounts. Data on the transactions affecting the reserves
and Reserve Funds, and on their year-end values from year-end 1999 to the present, is provided at
RES.pdf
CHARTS
Sometimes a picture is worth more than a thousand lines in a table.
Charts illustrating the key trends are at
CHARTS.pdf