Aurora Budget 2024 Proposes A Moderate 3.9% Increase

Interesting that the Town of Aurora had to issue a “pretty comprehensive” comparison report just to state that the Town of Aurora’s budget proposes a moderate 3.9% increase on the tax bill in 2024 and is “not the lowest” in York Region.

Source: https://pub-auroraon.escribemeetings.com/filestream.ashx?DocumentId=14496

Check below. It seems that the Town of Aurora is still overtaxing us by collecting surpluses (unused budgeted money) and padding the reserves.

Report No. FIN23-031: 2022 Audited Financial Statements and Audit Report

The full accrual version of the financial statement presents a much larger surplus than budget variance reporting

“The audited Public Sector Accounting Board (PSAB) basis financial statements for 2022, as currently drafted, reflect an operating surplus of $17,792,000. This amount reconciles to the internal report combined tax and user rate funded operating budget surplus of $2,402,700.“

Tax Rate Stabilization Reserve (Closing Balance as of December 31, 2022) – $6,276,200.

Source: https://www.aurora.ca/en/your-government/schedule-of-reserve-funds.aspx

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Aurora ON Year 2019 in Photos, Visual Changes