The budget of the United Counties of Prescott and Russell is adopted annually by the Council and as required by the 2001 Municipal Act of the Municipalities of Ontario.
Sources of income
The programs and services offered by the regional government are financed by 3 government levels:
- The Federal Government
- The Provincial Government
- The local Municipalities
The local municipalities contribution is paid out to the Counties through the requisition.
Requisition
The Requisition amount presented to the Municipalities is calculated according to the difference between the total amount of inflows and cash disbursements in order to give services to the Prescott and Russell population.
The United Counties of Prescott and Russell’s 2011 Requisition for the eight local municipalities was 34.4 millions $, which represents 42 % of the total budget.
The Requisition for each Municipality is set according to the property assessment total, multiplied by the property taxes rate.
Property Taxes Rate in the United Counties of Prescott and Russell
The Property Taxes Rate for each layer of 100 000 $ is the same in all of Prescott and Russell’s Municipalities, according to property classification. This rate is set out by the Council upon approval of the budget.
The Property Tax amount liable to the UCPR is stated on the property taxes bill the taxpayers receive from their Municipality.
Property Assessment
The Municipal Property Assessment Corporation is responsible for evaluating the assessed value for each Ontario property.
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