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Rideau Lakes finalizes 2025 plan to maintain $128M infrastructure with gradual tax hikes.
The Township of Rideau Lakes has finalized its 2025 asset management plan, outlining strategies to maintain $128 million in infrastructure, including roads, bridges, and storm systems.
Seventy-seven percent of assets are in fair or better condition, and the township covers 84% of annual capital needs.
A planned 0.2% yearly tax increase over five years aims to close the funding gap.
The plan meets Ontario’s standards, incorporating lifecycle management, risk assessment, and climate resilience.
Mayor Arie Hoogenboom called it a milestone in long-term financial planning to preserve community quality of life.
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Rideau Lakes finaliza el plan de 2025 para mantener la infraestructura de $ 128M con aumentos de impuestos graduales.