BEING A BY-LAW TO ADOPT THE 2016 MUNICIPAL BUDGET ESTIMATES
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WHEREAS Section 290 of the Municipal Act, 2001, S.O. 2001, c. 25 requires that a local municipality shall, in the year or the immediately preceding year, prepare and adopt a budget including estimates of all sums required during the year for the purposes of the municipality;
AND WHEREAS the Town of Collingwood provided notice in accordance to By-law No. 03-12 of the adoption of the 2016 Municipal Budget;
NOW THEREFORECOUNCIL OF THE CORPORATION OF THE TOWN OF COLLINGWOOD ENACTS AS FOLLOWS:
THAT the municipal operating budget estimates for the year 2016 as presented in Schedule “A” are hereby adopted.
THAT the municipal capital budget estimates for the year 2016 as presented in Schedule “B” are hereby adopted.
THAT the tax levy requirement to meet both the municipal operating and capital budget estimates for the year 2016 is $28,866,902.
THAT this By-law shall come into full force and effect on the date of final passage hereof at which time all By-laws that are inconsistent with the provisions of this By-law and the same are hereby repealed insofar as it is necessary to give effect to the provisions of this By-law.
ENACTED AND PASSED this 7th day of March, 2016.