What happened

Council adopts 2024-2028 Financial Plan Bylaw and Tax Rates Bylaw

Quick view

The Town of Princeton council has approved the 2024-2028 Financial Plan Bylaw and the Tax Rates Bylaw at their meeting on April 17th. The financial plan outlines the town's budget and financial strategy for the next five years. The Tax Rates Bylaw sets the property tax rates for the 2024 taxation year. According to the report, the average value for residential dwelling units in Princeton is $388,832.17, and the amount of municipal tax charged on a house of that value is $1,210.19. The council also received and filed a report from the Princeton Fire Department Officers for 2024. The report lists the department's officers and their roles.

FACT · Decisions / recommendations

What was decided (or proposed)

passed — 2024-2028 Financial Plan Bylaw: The council adopted the 2024-2028 Financial Plan Bylaw, which outlines the town's budget and financial strategy for the next five years. ^[5]
passed — Tax Rates Bylaw: The council adopted the Tax Rates Bylaw, which sets the property tax rates for the 2024 taxation year. ^[10]
received and filed — Princeton Fire Department Officers 2024: The council received and filed a report from the Princeton Fire Department Officers for 2024, which lists the department's officers and their roles.

FACT · Next

What comes next

The council's next step will be to implement the financial plan and tax rates bylaw, which will involve setting the town's budget and property tax rates for the next year.

FACT · Delegations

Who spoke

Bill Montgomery — to speak on flood mitigation options as presented by TRUE

CONTEXT · Who may be affected

Stakes & interests

Financial planning

The council's approval of the financial plan and tax rates bylaw will have a significant impact on the town's budget and residents' property taxes. The financial plan outlines the town's revenue and expenses for the next five years, and the tax rates bylaw sets the property tax rates for the 2024 taxation year.

FACT · By item

Item notes

Every business item from the published agenda is listed here. Full agenda.

8.1 Princeton Fire Department Officers - 2024

Princeton Fire Department Officers - 2024 — item 8.1 be received and filed. Princeton Fire Department Officers 2024 ^[8]

“THAT item 8.1 be received and filed. Princeton Fire Department Officers 2024 ^[8]”

10.1 2024-2028 Financial Plan Bylaw

The bylaw outlines the town's budget and financial strategy for the next five years. ^[5]

“THAT the Town of Princeton Financial Plan Bylaw No. 1045, 2023 be adopted. ^[5]”

10.2 2024 Tax Rates Bylaw

The bylaw sets the property tax rates for the 2024 taxation year. ^[10]

“THAT the Tax Rates Bylaw No. 1050, 2024 be adopted. ^[10]”

Open questions

What are the implications of the financial plan and tax rates bylaw on the town's budget and residents' property taxes?

Sources

Generated 2026-08-21T22:37:37.707201+00:00 · model llama3.1:8b

Spot an error?

If something in this brief doesn’t match the agenda, minutes, a linked report, or the meeting recording, send a fact-check note. Submissions go to the editor — they are not published automatically.