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Cornwall’s 2026 budget proposes a 5.25% property tax hike and 5.49% water rate increase, with rising debt nearing limits.
Cornwall council is reviewing its 2026 budget under new strong mayor rules, requiring advance submission of amendment motions for a January 7 debate.
The draft budgets, released December 8, project a 5.25% property tax increase for the average home, raising taxes to $3,268, and a 5.49% rise in water and sewer rates.
Few residents attended public forums, though 406 online responses and 73 student submissions were collected.
The city plans to borrow $45.2 million for capital projects, increasing annual debt payments to $11.8 million, with debt expected to exceed its self-imposed limit by 2027.
A report recommending raising the debt cap to 15% is expected early in 2026.
El presupuesto de Cornwall para 2026 propone un aumento del impuesto a la propiedad del 5,25% y un aumento de la tarifa del agua del 5,49%, con un aumento de la deuda que se acerca a los límites.