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Jennifer Stover

Debt primer: Understanding the city’s debt load

in Municipal by
The $135 million debt is split into five buckets.

With the next municipal election less than two years away and potential candidates already starting to think about running, it is likely that the municipal debt of more than $135 million is going to be a hotly debated issue.

Jennifer Stover, director of corporate services and a 30-year veteran of municipal finances, believes the city debt is being well managed and that much of the debt is “good debt” that will benefit the city in the long term.

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City director to bring plan forward to try and avoid large property tax increase

in Municipal by
"In February we will bring plans forward for potential savings in the operating budget," said Jennifer Stover, director of corporate services.

It is budget season at Kawartha Lakes. At a rare evening session on Jan. 26 council heard director of corporate services Jennifer Stover lay out a proposed 2021 operating budget of $275.6 million dollars that, without trimming, could lead to a tax rate increase in the range of 3.84 per cent for each household in the city.

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City decides against refund of 2019 surplus, will keep for reserves

in Municipal by
"We are faced with no funding source for community pandemic recovery."

By a unanimous vote, council endorsed a report from senior staff that recommended against the return to taxpayers of the $3 million surplus from the 2019 budget in the form of a tax rebate.

Council instead endorsed a proposal that the money be put into corporate reserves for pandemic recovery and support.

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City eyes larger tax increase if budget shortfall can’t be addressed elsewhere

in Municipal by
Director of corporate services, Jennifer Stover.

Kawartha Lakes is currently looking at a $4.8 million shortfall in funding for their proposed 2021 operating budget.

Director of corporate services, Jennifer Stover, told council that unless something is done to reduce that shortfall, then local citizens could be looking at a 4 per cent increase in their property taxes, rather than the 3-3.5 per cent increase budgeted by the city as part of their five-and-10-year plans.

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Pandemic impacting 2020 and 2021 Kawartha Lakes’ budgets

in Municipal by

At their meeting of the whole, senior staff shared with council the largely negative impact of the COVID pandemic on both the 2020 and 2021 budget.

While some of the numbers presented rely on Kawartha Lakes remaining at Stage 3 in the province’s re-opening plan, it is clear that projects from 2020 that have been rolled over into 2021 will impact the city’s ability to take on many new capital projects in the upcoming budget year.

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More service cuts coming: ‘People are going to notice,’ says mayor

in Municipal by

Mayor Andy Letham says “people are going to notice” the service cuts that are coming to Kawartha Lakes because of the pandemic.

“Ditching and brushing, reduction of staff as we move into the fall, grass cutting, street sweeping and capital projects that aren’t do or die for the city,” Letham itemized.

“People are going to notice — they can’t help but” notice, he says.

“Service centres, arenas and community centres are also going to be impacted (by this budget crunch),” Letham added.

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Elmslie believes province, feds will start downloading services onto municipalities

in Municipal by

At a recent council meeting Councillor Doug Elmslie expressed worry that the province and federal government will soon start downloading more responsibilities on the backs of municipalities.

He recommended that “all surpluses be put in reserve for a rainy day because I fully expect that the feds and the province are going to start downloading services because of the debt loads they are carrying.”

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New director says Kawartha Lakes a great place to live, work, play

in Community/Local News by

Kawartha Lakes has attracted some more top-notch talent in Jennifer Stover, the new director of corporate services for the City of Kawartha Lakes.

She says she knows the whole municipality wants to make Kawartha Lakes a “great place to live, work and play.”

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