Wilmot Township’s budget for 2026 was presented on Friday by Mayor Natasha Salonen, marking her first budget under the enhanced mayoral powers granted by the province last May.
One of the key changes with the new powers is the requirement for mayors to unveil the budget before February 1. Mayor Salonen clarified that while she utilized these powers, it was a legislative obligation. The township lacked personnel with accounting qualifications for a few months, prompting the engagement of KPMG to provide financial expertise in budget drafting.
Following challenges faced by the township council in the previous year, where a significant proposed tax increase was eventually reduced, KPMG’s assistance in budget preparation was crucial. The consulting firm meticulously reviewed each budget item, ensuring accurate financial data and incorporating relevant economic indicators to shape this year’s budget.
Mayor Salonen emphasized the importance of correcting outdated assumptions and justifying budget figures accurately. The budget development process involved a detailed assessment by KPMG to align expenses with the township’s financial goals.
Taxpayers can anticipate a nine percent tax increase on the capital side of the budget, as part of a strategic decision to bolster the township’s capital reserves over the next three years. The proposed budget includes a 9.7 percent property tax hike, 4.9 percent water rate increase, and a five percent wastewater rate increase. These combined adjustments are projected to raise monthly costs by around $24 for the average homeowner.
Several critical projects are earmarked in the budget, such as constructing a new fire station in New Hamburg, road enhancements, and upgrades to the Wilmot Recreation Centre. A substantial allocation of $12 million is designated for 44 capital projects in 2026, alongside a $1.5 million transfer to reserves.
KPMG also crafted a comprehensive long-term financial plan for the township, encompassing reserve management and capital planning. This plan is slated for council review in April, following the budget presentation. Council members have the opportunity to propose amendments, with public input invited during a scheduled meeting on January 29.