The Budget Committee has recommended the proposed 2025 Levy Operating Budget, following a meeting on January 15, 2025, which included several amendments.
The finalized budget introduces a levy increase of 6.1%, translating to an average residential property tax increase of 4.3%.
For the median assessed residential property in Norfolk, this means an annual increase of $155.48.
The budget emphasizes investments in critical areas to meet growing community needs and long-term financial sustainability.
Key initiatives include:
Strengthening Paramedic Services
Introducing a Project Lead for Facilities Capital Projects
Implementing a Storm Water Management Program
Hiring a Transportation Engineering Specialist
Adding a Realty Services Specialist
Expanding IT with a Network/System Analyst
Increased infrastructure funding, aimed at improving reserve balances and managing debt servicing costs, was a primary factor behind the 2025 budget increase.
This funding reflects Council’s commitment to addressing Norfolk’s infrastructure challenges and ensuring financial sustainability for years to come.
Council approved this initiative during the Capital Budget process, aligning it with long-term strategic goals.
As the budget moves closer to implementation, residents are encouraged to review the highlights to understand how these changes may affect them.