Budget 2013
Operating Budget
The annual budget provides resources for the management and delivery of public services such as snow removal, the supply of drinking water, Public Security and Recreation activities. The principal source of financing is from the municipal property tax bill. As well, other revenues are generated either from permits, program fees and transfers from other levels of government.
| Annual Local Budget | 2013 | 2012 | Variation |
|
General Administration Council, Finance, Director General, IT, Town Clerk, Human Resources, administrative expenses |
2 377 950 | 2 227 610 | +6.7% |
|
Public Works Transportation, environmental health |
4 521 265 | 4 454 108 | +1.5% |
| Town Planning & Building Inspection | 254 909 | 208 045 | +22.5% |
| Recreation and Culture | 2 374 757 | 2 293 280 | +3.6% |
| Legal, Insurance and other fees | 865 900 | 865 600 | +0.0% |
| Pension Deficit Contribution | 175 500 | 228 000 | -23.0% |
| Financing | 1 210 000 | 1 249 700 | -3.2% |
| > Loans Reimbursed by Grants | 200 000 | 250 000 | -20.0% |
| Public Security | 900 213 | 862 110 | +4.4% |
| CMM | 200 000 | 200 000 | |
| TOTAL - Local Operating Expenses | 13 080 494 | 12 838 453 | +1.9% |
| Agglomeration Share | 9 618 088 | 9 524 310 | +1.0% |
| TOTAL | 22 698 582 | 22 362 763 | +1.5% |
Overall, the 2013 operating budget for the Town of Hampstead totals $13,080,494, not including $9,618,088 for the Agglomeration's share. The Town projects an accumulated operating surplus of $1.36 million as of December 31, 2012. In terms of net long-term debt, the Town is projecting an amount of $10,974,800 at the end of 2013, an 8.4% decrease from the previous year and a total reduction of 20.0% since 2009.
Property Tax Rates
For the average single family home, local property tax rates will increase by 1.0% in 2013, well below the expected inflation rate for this year. Added to this amount is the agglomeration share charged to Hampstead, which will impact the Town's tax rate by 0.2% next year. This brings the average tax increase to Hampstead ratepayers to a total of 0.6% in 2013.
In 2013, the municipal tax rates (per $100 of valuation) will be:
| Property Type | Mill Rate |
| For residential properties containing 5 housing units or less | $1.2239 |
| For apartment buildings with 6 or more units | $1.2531 |
| Vacant lots | $2.4478 |
With a residential rate of $1.2239, the ‘average single-family dwelling' will be assessed a 2013 Hampstead tax bill of $11,298. It must be stressed that this example reflects the impact of the taxation rates on the average single-family dwelling. Tax bill increases/decreases will vary depending upon the change in valuation of each individual property.
Capital Works Program 2013-2014-2015
The 3-year capital works program encompasses the programs that the Town wishes to undertake in the coming three years to maintain and upgrade its infrastructures and/or improve the quality of urban life. Different sources of financing are available through long-term loans which account for the debt of the Town. The annual capital and interest payments made to repay this debt are integrated in the operational budget and make up part of the financing costs. Each project needs to be individually approved by council.
Building upon the highly successful 2012 infrastructure program that saw major roadway and sidewalk reconstruction as well as water main rehabilitation, the Town will focus its efforts in 2013 on beautification primarily on Queen Mary and Fleet, further water main rehabilitation on Côte Saint-Luc Road, and work on our street light network and pathways. The total investment in capital works projects for 2013 will amount to $2,808,400.
| CATEGORY | PROJECT | 2013 | 2014 | 2015 |
| Vehicles and Equipment | Surveillance cameras public works garage | 66 000 | ||
| Excavation hammer & vibrating plate | 44 000 | |||
| Public security van replacement | 35 000 | 35 000 | 35 000 | |
| Electronic ticketing system | 13 200 | 15 000 | ||
| Modifications to transform vehicle into 10-wheel truck | 55 000 | |||
| Replacement of pick-up (crew cab) | 66 000 | 66 000 | ||
| Information Technology | Web site interactive services for residents | 45 000 | ||
| Hardware to increase network performance | 35 000 | 15 000 | 15 000 | |
| Redesign of web site | 50 000 | |||
| Municipal Installations | Town beautification projects | 200 000 | 30 000 | 30 000 |
| Community center building upgrades | 60 000 | 20 000 | ||
| Infrastructure Rehabilitation | Water mains & sewers | 1 491 700 | 500 000 | 500 000 |
| Street light rehabilitation | 200 000 | 200 000 | ||
| Walking path rehabilitation | 150 000 | 100 000 | ||
| Parks and Green Spaces | Applewood Park Centennial reconstruction | 250 000 | ||
| Dufferin park safety enhancements | 43 000 | |||
| Hampstead pool renovations- fencing & splash area | 4 500 | 10 000 | ||
| TOTAL – Capital Investments | $ 2 808 400 | $ 925 000 | $ 646 000 | |
Documents for Download
Supporting documents for the 2013 budget are available for download below:
| Document | Date of Release |
| Complete Budget Presentation 2013 | December 17, 2012 |
| Budget Overview 2013 (Expense/Revenues/Capital Works) | December 17, 2012 |
| Financial Report from the Mayor for the year ended December 31, 2011 | November 5, 2012 |