The Village of Cumberland is set to develop its 2026 budget and five-year financial plan through 2030.
The draft plan calls for an estimated 3.94 per cent increase to the municipal tax levy, which would cost an extra $26 a month for an average residential property.
This follows community consultation on the draft budget and financial plan in November, including public budget workshops and an open house.
Mayor Vickey Brown said the financial plan reflects the village’s strategy for responding to pressures such as aging infrastructure, rising costs for core services, rapid population growth, climate impacts and extreme weather, housing needs and broader economic uncertainty.
“The Financial Plan reflects how we put our vision into action and responds to the pressures we face: aging infrastructure, rising costs for core services, rapid population growth, climate impacts and extreme weather, housing needs, and the broader economic uncertainty affecting us all,” said Brown. “Our goal, as always, is to maintain or improve service levels, invest in asset renewal, strengthen reserves for long-term stability, and keep tax increases as reasonable as possible.”
Planned projects in the draft financial plan include major street reconstruction, utility upgrades and expanded pedestrian infrastructure.
A statement from the village about its draft budget and financial plan is available on its website.
