What if there’s a revenue surplus? Will my taxes go down?
The Town recognizes that surpluses are not continuous sources of funding. If the Town depends on a one-time surplus to pay for annual operating costs, it puts off any increased operating costs into the next fiscal year, where a tax increase would likely be required. In recognition of this, and to plan responsibly for the future, Council approved Operating Reserves Policy 1705-01, which requires any surplus to be placed in facilities lifecycling capital reserves. This reserve fund is used to prepare for new facilities included in the 10-year financial strategy.

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1. What do my taxes pay for?
2. What if there’s a revenue surplus? Will my taxes go down?
3. What affects my tax bill?
4. Why do I pay school taxes when I don't have children going to school?
5. When are taxes due?
6. How and where can I pay my taxes?