Not the full picture. Built from public records, which leave things out.Read by hand, Oct 2026DetailsThis is built from public records, which leave a lot out, and some of it may be wrong or out of date. Check the sources, and tell us if you spot a mistake. What this site can't tell you Read by hand. We read Augusta's own documents for this site in October 2026; the Sources page lists which ones. The comparisons with other places still come from the Province's yearly reports.
Questions · 12 so far
Things worth asking about
We read Augusta's financial reports and meeting minutes, and compared its numbers with 81 similar Ontario towns. These are the things that stood out.
What these are, and what they are not. A question here means a number or practice is unusual, or harder to see than it should be. It does not mean anyone did anything wrong. Most unusual numbers turn out to have ordinary explanations, and every question lists some. The only way to know is to ask.
Needs an answer
Needs an answer
These are unusual enough that residents deserve a clear answer from council.
Augusta spent $258K on parks, arena and library in 2019 and $654K in 2024. Prices only went up about 18% in that time. Only 0 of 81 similar towns had faster growth here.
Found automatically from the town's financial reports · 3 sources
Towns keep savings (called reserves) to pay for new trucks, roof repairs and surprises. Augusta had $2.2M saved at the end of 2024, down from $5.2M in 2019. That is 32% of one year's spending. Only 4 of 81 similar towns had less, compared with what they spend.
Found automatically from the town's financial reports · 2 sources
Worth asking
Worth asking
There may well be a good reason. It is still worth asking what it is.
$2,217,136land held for resale at December 31, 2025, unchanged from 2024
In 2024 the Township bought land to resell and paid for it with a mortgage. The 2025 statements show the land at the same value, $2,217,136, so the balance did not change in 2025. The mortgage balance was $2,082,276 at the end of 2025. The statements do not say which land it is, what it will be sold for, or when.
Found by reading the town's own documents · 4 sources
$5,129,629municipal debt at December 31, 2025, up from $4,912,581
Debt is money the Township has borrowed and must repay with interest. It rose from $4,912,581 to $5,129,629 in 2025, after a new $425,000 loan for a snow plow truck. Interest on this debt was $195,541 in 2025 and $126,959 in 2024. The statements show the Township owes more than its cash and money owed to it, which is why they report "net debt" of $2,482,452. That figure was lower than the year before ($3,161,135).
Found by reading the town's own documents · 5 sources
$2,476,271owed for landfill monitoring and asbestos removal at December 31, 2025
The Township closed two landfill sites in 2015 and must keep monitoring them until 2047. It also expects to pay to remove asbestos from municipal buildings. The statements count all of this as a debt called an "asset retirement obligation": $2,476,271 at the end of 2025. The note says "These costs are to be recovered from future taxation revenue and reserves." The reserve fund for the landfill holds $4,244.
Found by reading the town's own documents · 3 sources
$7,104,534taxation revenue in 2025, against $6,164,290 in 2024 and a budget of $6,942,926
The 2025 statements show "Taxation" revenue of $7,104,534, against $6,164,290 in 2024 and a budget of $6,942,926. The rise is $940,244, or 15.3% (worked out by us). Grants were nearly flat ($1,049,134 against $1,056,744) and investment income fell. The segment schedule shows taxation allocated to general government rising from $355,562 to $643,525, and to planning and development from $329,782 to $585,942.
Found by reading the town's own documents · 4 sources
$411,901operating surplus for 2025, moved to the working capital reserve
Council approved a 2025 budget that spent $9,098,464 and took in $8,548,858. The audited result was spending of $8,672,203 and revenue of $8,673,727, a surplus of $1,524 before other items. The Township's own reconciliation shows an operating surplus of $411,901, which it moved to its working capital reserve. Spending came in under budget in several places, among them planning and development ($483,671 against $739,242) and "Material and services" ($1,667,811 against $2,019,939).
Found by reading the town's own documents · 3 sources
$194,636left in the roads construction reserve at December 31, 2025, down from $411,489
Reserves are money Council sets aside for later use. The "Roads construction" reserve fell from $411,489 to $194,636 in 2025 and the "Modernization projects" reserve from $105,580 to $34,257. The "Asset management" reserve rose from $143,120 to $316,140 and the working capital reserve rose by $312,025 (worked out by us). Total reserves and reserve funds were $2,432,854. Roads were carried at a cost of $24,404,623, with $16,954,349 of that already written off as worn out (accumulated amortization).
Found by reading the town's own documents · 3 sources
95 pagesin the 2026 Budget Workbook, nearly all page images with almost no readable text
The Township's Budget and Finance page says "PDF of the approved 2025 Budget" and the same for 2024, 2023 and 2022. When we followed each link on October 5, 2026, the "2025 Budget" link opened the 2025 tax rates by-law, and the 2024, 2023 and 2022 links opened the audited financial statements for those years. The only budget document on the page is the "2026 Budget Workbook" dated February 27, 2026, headed "draft" on the page. It is 95 pages and almost all of it is page images, so a computer, or a person using a screen reader, cannot read the numbers.
Found by reading the town's own documents · 2 sources
June 23, 2025the date of the latest council meeting listed on the Agendas and Minutes page
Council meets on the second and fourth Monday of each month, with one meeting in July, August and December. The Township's Agendas and Minutes page, read on October 5, 2026, lists council meetings from January 13, 2025 to June 23, 2025. The page tabs run 2025, 2024, 2023 and 2022. We found no listing for later 2025 or for 2026. The page says past agendas and minutes "are available upon request".
Found by reading the town's own documents · 2 sources
Augusta spent $833K on running the town office in 2019 and $1.4M in 2024. Prices only went up about 18% in that time. Only 15 of 81 similar towns had faster growth here.
Found automatically from the town's financial reports · 3 sources
In 2019, Augusta had $1.7M more in cash and money owed to it than it owed to others. By 2024 it was −$3.2M. About 53% of that change ($2.6M) is a new accounting rule from 2023: towns must now record the future cost of closing things like a landfill. That is not new spending or borrowing. Even leaving that out, only 13 of 81 similar towns are in a weaker position.
Found automatically from the town's financial reports · 2 sources
Each question in full
Needs an answerFound automatically from financial reports
Augusta spent $258K on parks, arena and library in 2019 and $654K in 2024. Prices only went up about 18% in that time. Only 0 of 81 similar towns had faster growth here.
Why did the cost of parks, arena and library grow 153% in 5 years?
Parks, arena and library
Prices (inflation)
−50%+0%+50%+100%+150%+200%
+153%
201920202021202220232024
Show as a table
Year
Parks, arena and library
Prices (inflation)
2019
+0%
+0%
2020
+15%
+1%
2021
+18%
+4%
2022
+24%
+11%
2023
−6%
+16%
2024
+153%
+18%
Change since the first year shown. The grey line is how much prices rose overall, for comparison.
Why it matters
When one area grows much faster than prices, it is either doing more (which may be great) or paying more for the same thing. Residents deserve to know which.
It could be because…
The town added a service, a building or staff that residents asked for.
Costs were moved from another area, so the total did not really change.
Accounting rules changed how costs are sorted.
Large one-time costs, like a study, lawsuit or repair, landed in one year.
Questions you could ask
What did the extra $396K a year pay for?
Why did arena and buildings go from $136K to $521K?
Was each increase approved by council as a separate decision, or did it happen through the yearly budget?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Augusta?Send us your answer and we will publish it with this question.
Towns keep savings (called reserves) to pay for new trucks, roof repairs and surprises. Augusta had $2.2M saved at the end of 2024, down from $5.2M in 2019. That is 32% of one year's spending. Only 4 of 81 similar towns had less, compared with what they spend.
Does Augusta have enough saved for repairs and emergencies?
$0$2.0M$4.0M$6.0M
$2.2M
201920202021202220232024
Show as a table
Year
Savings (reserves)
2019
$5.2M
2020
$5.8M
2021
$4.8M
2022
$4.7M
2023
$3.1M
2024
$2.2M
Why it matters
With little saved, a broken bridge or a storm has to be paid for with a sudden tax increase or a loan. Low savings can also mean past budgets were balanced by spending savings instead of facing the real cost.
It could be because…
The town spent savings on purpose, on projects that were planned and saved up for.
Some savings were used to match grant money, which brings in more than it costs.
The town has a plan to rebuild its savings.
Questions you could ask
Does the town have a written reserve policy with a target amount?
What were the savings spent on between 2019 and 2024?
What is the plan to rebuild them, and by when?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Augusta?Send us your answer and we will publish it with this question.
$2,217,136land held for resale at December 31, 2025, unchanged from 2024
In 2024 the Township bought land to resell and paid for it with a mortgage. The 2025 statements show the land at the same value, $2,217,136, so the balance did not change in 2025. The mortgage balance was $2,082,276 at the end of 2025. The statements do not say which land it is, what it will be sold for, or when.
Why it matters
A mortgage costs interest every month, whether or not the land sells. If the land sells for less than it cost, the gap would fall on property taxpayers. If it sells for more, the Township gains. Residents can only judge this if the plan is published.
It could be because…
The land may be being prepared for sale (servicing, a subdivision plan) and not yet ready to market. The Township's accounting policy says the cost of land held for resale "includes improvements to prepare the land for sale or servicing".
Council may be waiting for a better price or for a buyer with a specific plan, such as housing or business use.
The statements may leave out the details on purpose and Council reports on the land in closed or public meetings. We did not read minutes after June 23, 2025.
Questions you could ask
Which land is this, when and from whom was it bought, and what did Council say it was for?
Is there a plan and a timeline to sell it, and what price does Council expect?
How much interest has the mortgage cost since 2024, and where is that cost in the budget?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Augusta?Send us your answer and we will publish it with this question.
Statement of financial position: "Land held for resale" 2,217,136 at December 31, 2025 and 2,217,136 at December 31, 2024. "Municipal debt (Note 4)" 5,129,629 (2024: 4,912,581).
Note 4: "Mortgage payable, interest at 4.66%, repayable in blended monthly payments of $14,014, due June 2029, secured by land held for resale" 2,082,276 (2024: 2,151,647).
Schedule 3: "Municipal debt for land held for resale" (2,082,276) at 2025 and (2,151,648) at 2024, shown among liabilities "to be recovered from future revenues".
2024 statement of financial position: "Land held for resale" 2,217,136 in 2024 and nothing in 2023. Note 5 lists the mortgage payable 2,151,648 "due July 2029, land held for resale" (the 2025 statements print "June 2029"). Note 7 shows "Purchase of land held for resale" (2,217,136) and "Proceeds from the issuance of municipal debt" 2,185,000 in 2024.
$5,129,629municipal debt at December 31, 2025, up from $4,912,581
Debt is money the Township has borrowed and must repay with interest. It rose from $4,912,581 to $5,129,629 in 2025, after a new $425,000 loan for a snow plow truck. Interest on this debt was $195,541 in 2025 and $126,959 in 2024. The statements show the Township owes more than its cash and money owed to it, which is why they report "net debt" of $2,482,452. That figure was lower than the year before ($3,161,135).
Why it matters
Interest and loan payments come out of the same tax money that pays for roads and fire services. A larger share going to debt leaves less for everything else. The note on repayments assumes the loans are renewed, so the real payments depend on future interest rates.
It could be because…
Most of the debt is two long loans for specific things: the Maitland fire hall and the land held for resale. The statements say all debt is at a fixed rate, which limits the risk of rising payments.
Net debt fell by $678,683 in 2025, so the Township's overall position improved even as borrowing rose.
Interest rose partly because the land mortgage was in place for a full year in 2025 (it began in 2024). The statements do not say so.
Questions you could ask
Why did the Maitland fire hall loan's monthly payment change from $18,299 to $20,268, and how was it renewed?
What share of the tax levy goes to debt payments in 2026, and what is the Township's limit on borrowing?
Is any further borrowing planned in the 2026 budget?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Augusta?Send us your answer and we will publish it with this question.
Note 4: "Loan payable, interest at 3.06%, repayable in monthly principal payments of $7,083 plus interest, due December 2030, public works snow plow truck" 425,000 (2024: nothing). Principal repayments "assuming long-term debt subject to refinancing is renewed": 2026 297,278; 2027 306,498; 2028 316,120; 2029 326,163; 2030 336,644; "Thereafter" 3,546,926.
2024 statements, Note 5: "Loan payable, interest at 2.67%, repayable in blended monthly payments of $18,299, due April 2025, Maitland Fire Hall" 2,760,934.
2025 statements, Note 4: "Loan payable, interest at 2.67%, repayable in blended monthly payments of $20,268, due April 2030, Maitland Fire Hall" 2,622,353.
$2,476,271owed for landfill monitoring and asbestos removal at December 31, 2025
The Township closed two landfill sites in 2015 and must keep monitoring them until 2047. It also expects to pay to remove asbestos from municipal buildings. The statements count all of this as a debt called an "asset retirement obligation": $2,476,271 at the end of 2025. The note says "These costs are to be recovered from future taxation revenue and reserves." The reserve fund for the landfill holds $4,244.
Why it matters
Costs that are certain but far in the future are paid by whoever pays taxes then. Setting money aside now spreads the cost fairly. The statements show that most of it has not been set aside.
It could be because…
Monitoring costs of $66,000 a year are small compared with the total, and paying them as they come due is a normal way to handle them.
The Township's policy says an asset retirement cost is also added to the value of the related asset. Some of the difference between Schedule 3's $1,959,598 and the liability of $2,476,271 may come from that.
The Township may plan to set money aside in its asset management plan. We did not read the budget, which is a scan, or the asset management plan.
Questions you could ask
Does the Township plan to put money aside each year for landfill and asbestos costs, and how much?
Why does Schedule 3 show $1,959,598 while the statement of financial position shows $2,476,271?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Augusta?Send us your answer and we will publish it with this question.
Note 5: two landfill sites "both closed in 2015"; monitoring "until 2047"; annual costs "estimated to be $66,000 per year"; total post-closure costs estimated at $2,259,466 (2024: $2,338,225); "These costs are to be recovered from future taxation revenue and reserves."
$7,104,534taxation revenue in 2025, against $6,164,290 in 2024 and a budget of $6,942,926
The 2025 statements show "Taxation" revenue of $7,104,534, against $6,164,290 in 2024 and a budget of $6,942,926. The rise is $940,244, or 15.3% (worked out by us). Grants were nearly flat ($1,049,134 against $1,056,744) and investment income fell. The segment schedule shows taxation allocated to general government rising from $355,562 to $643,525, and to planning and development from $329,782 to $585,942.
Why it matters
Property tax is the Township's biggest source of money. A rise this large either comes from a higher tax rate, from more or newly assessed property, or from a change in how the revenue is counted. Residents should be able to tell which.
It could be because…
Council may have raised the tax rate to pay for the fire hall, roads or the land mortgage. The Township adopted its 2025 tax rates on February 24, 2025, the same day Council approved the 2025 budget.
New buildings and reassessed property add to taxes without a rate rise.
The way taxes are allocated between departments may have changed. The 2025 statements show the 2024 figures re-sorted, and the 2024 statements show different department totals.
Part of the change may be a one-time item such as back taxes or supplementary billings.
Questions you could ask
What was the 2025 increase in the Township's own tax rate, and how much of the revenue rise is new assessment?
Why is taxation allocated to general government and to planning and development so much higher than in 2024?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Augusta?Send us your answer and we will publish it with this question.
The evidence
Statement of operations: "Taxation" budget 6,942,926, actual 7,104,534 for 2025, and 6,164,290 for 2024. "Grants" 1,049,134 (2024: 1,056,744). "Investment income" 212,227 (2024: 285,327).
By-law 3764-2025, "A by-law to adopt and levy the 2025 tax rates": "Read a third time and passed this 24th day of February, 2025". Item 1 sets a tax rate of 0.00797325 for the residential/farm class.
$411,901operating surplus for 2025, moved to the working capital reserve
Council approved a 2025 budget that spent $9,098,464 and took in $8,548,858. The audited result was spending of $8,672,203 and revenue of $8,673,727, a surplus of $1,524 before other items. The Township's own reconciliation shows an operating surplus of $411,901, which it moved to its working capital reserve. Spending came in under budget in several places, among them planning and development ($483,671 against $739,242) and "Material and services" ($1,667,811 against $2,019,939).
Why it matters
A budget is the promise to taxpayers about what the year will cost. A year that costs less than the promise leaves money over. It can also mean the budget set aside more tax money than the work needed, or that planned work was not done.
It could be because…
Projects approved in the budget may have been delayed into 2026 rather than cancelled.
Revenue such as permits and investment income came in different from the budget, and spending on some services was lower for reasons that vary year to year.
In 2024 the Township ran an operating deficit of $65,082 and paid for it from the working capital reserve. The 2025 surplus restored part of that reserve, which rose from $787,069 to $1,099,094.
Questions you could ask
Which budgeted projects in planning and development and in materials and services were not carried out in 2025, and are they in the 2026 budget?
Does Council have a policy for what happens to an operating surplus?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Augusta?Send us your answer and we will publish it with this question.
The evidence
Statement of operations, 2025: revenue budget 8,548,858, actual 8,673,727; expenses budget 9,098,464, actual 8,672,203; "Surplus (deficit) before other items" budget (549,606), actual 1,524. "Planning and Development" budget 739,242, actual 483,671 (2024: 582,405).
Note 6: "The operating surplus for the fiscal year ended December 31, 2025 was $411,901 (2024 - deficit of $65,082), which was transferred to the working capital reserve." Note 9: "Working capital" 1,099,094 (2024: 787,069).
$194,636left in the roads construction reserve at December 31, 2025, down from $411,489
Reserves are money Council sets aside for later use. The "Roads construction" reserve fell from $411,489 to $194,636 in 2025 and the "Modernization projects" reserve from $105,580 to $34,257. The "Asset management" reserve rose from $143,120 to $316,140 and the working capital reserve rose by $312,025 (worked out by us). Total reserves and reserve funds were $2,432,854. Roads were carried at a cost of $24,404,623, with $16,954,349 of that already written off as worn out (accumulated amortization).
Why it matters
Roads wear out and must be rebuilt. Savings now mean a smaller bill or smaller loan later. Reserves much smaller than the cost of what they are meant to replace can mean larger tax rises or more borrowing, though reserves are only one way to pay for it.
It could be because…
Roads reserve money was probably spent on road work in 2025. That is what the reserve is for. The statements show "Reserves and reserve funds transferred for tangible capital assets" of (362,735).
Roads are also paid for by Canada Community Building Fund grants, which are not Township reserves ($241,892 was received and spent in 2025).
The Township has a 2023 asset management plan on its website, which may set how much to put aside. We did not read it.
Questions you could ask
What does the asset management plan say should be set aside each year for roads and bridges, and how does the 2026 budget compare?
What roads work was paid for from the roads construction reserve in 2025?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Augusta?Send us your answer and we will publish it with this question.
Schedule 1, Roads: cost 24,404,623 at the end of 2025; accumulated amortization 16,954,349; net book value 7,450,274. "Amortization during the year" for all assets 1,562,563.
Schedule 4: "Operating funds transferred to reserves and reserve funds" (798,526); "Reserves and reserve funds transferred for tangible capital assets" (362,735). Schedule 5: Transportation "Surplus (deficit) before other items" (786,606).
95 pagesin the 2026 Budget Workbook, nearly all page images with almost no readable text
The Township's Budget and Finance page says "PDF of the approved 2025 Budget" and the same for 2024, 2023 and 2022. When we followed each link on October 5, 2026, the "2025 Budget" link opened the 2025 tax rates by-law, and the 2024, 2023 and 2022 links opened the audited financial statements for those years. The only budget document on the page is the "2026 Budget Workbook" dated February 27, 2026, headed "draft" on the page. It is 95 pages and almost all of it is page images, so a computer, or a person using a screen reader, cannot read the numbers.
Why it matters
The budget is the document that sets next year's taxes. If residents cannot find or read the approved budget, they cannot check spending against it. The audited statements are useful, but they report the past. The budget shows the plan.
It could be because…
The wrong files may simply have been linked by mistake and the right ones are kept elsewhere.
The page says: "Some documents are not in an accessible format. For alternative options, please contact the Township Office." The budget may be available on request.
The workbook may be a scan because it was printed from a spreadsheet and scanned for posting.
Questions you could ask
Will the Township link the approved 2022 to 2025 budgets and post the adopted 2026 budget as readable text?
Was the 2026 budget adopted, and on what date?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Augusta?Send us your answer and we will publish it with this question.
The page offers "PDF of the approved 2025 Budget", and the same wording for 2024, 2023 and 2022. It also lists "2026 Draft Budget Report: PDF of the draft 2026 Budget". The page notes: "Some documents are not in an accessible format. For alternative options, please contact the Township Office."
Township of Augusta, Budget and Finance page · Budget and Finance page, "Annual Budget & Financial Reports" and note at the foot of the documents list. The links behind the 2022 to 2025 "Budget" labels lead to by-law 3764-2025 (2025) and to the audited financial statements for 2024, 2023 and 2022 (checked by opening each file).
The 2026 Budget Workbook cover reads "BUDGET WORKBOOK 2026 FEBRUARY 27, 2026". The file has 95 pages; we could extract text from the cover page only.
June 23, 2025the date of the latest council meeting listed on the Agendas and Minutes page
Council meets on the second and fourth Monday of each month, with one meeting in July, August and December. The Township's Agendas and Minutes page, read on October 5, 2026, lists council meetings from January 13, 2025 to June 23, 2025. The page tabs run 2025, 2024, 2023 and 2022. We found no listing for later 2025 or for 2026. The page says past agendas and minutes "are available upon request".
Why it matters
Minutes are the public record of what Council decided and how each member voted. An election is on October 26, 2026. Residents cannot judge this council's decisions if the record after June 2025 is not posted.
It could be because…
Later meetings may be posted somewhere else that we did not find, such as the Township's YouTube channel (the council page says meetings are recorded and posted there).
The page may not have been updated yet.
We could only read what the page showed without scripts; other tabs may load more.
Questions you could ask
Where are the agendas and minutes for meetings after June 23, 2025?
Will the Township post them before the October 26, 2026 election?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Augusta?Send us your answer and we will publish it with this question.
The evidence
"Past meeting agendas and minutes are maintained by the Clerk's Department and are available upon request." The list headed "Meetings and Agendas 2025-2022" shows council meetings from January 13, 2025 up to June 23, 2025.
Council page: "Regular Council meetings are held on the 2nd and 4th Monday of each month at 5:00 p.m." and "Meetings are also recorded and posted on the Township's official YouTube channel".
Augusta spent $833K on running the town office in 2019 and $1.4M in 2024. Prices only went up about 18% in that time. Only 15 of 81 similar towns had faster growth here.
Why did the cost of running the town office grow 73% in 5 years?
Running the town office
Prices (inflation)
+0%+20%+40%+60%+80%
+73%
201920202021202220232024
Show as a table
Year
Running the town office
Prices (inflation)
2019
+0%
+0%
2020
+19%
+1%
2021
+34%
+4%
2022
+55%
+11%
2023
+69%
+16%
2024
+73%
+18%
Change since the first year shown. The grey line is how much prices rose overall, for comparison.
Why it matters
Money spent running the office is money not spent on roads, water or safety. When office costs grow much faster than the services people see, it is fair to ask what the extra money is buying.
It could be because…
The town added a service, a building or staff that residents asked for.
Costs were moved from another area, so the total did not really change.
Accounting rules changed how costs are sorted.
Large one-time costs, like a study, lawsuit or repair, landed in one year.
Questions you could ask
What did the extra $610K a year pay for?
Why did senior management go from $332K to $1.2M?
Was each increase approved by council as a separate decision, or did it happen through the yearly budget?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Augusta?Send us your answer and we will publish it with this question.
The evidence
Running the town office: 2019 $833K, 2020 $990K, 2021 $1.1M, 2022 $1.3M, 2023 $1.4M, 2024 $1.4M.
In 2019, Augusta had $1.7M more in cash and money owed to it than it owed to others. By 2024 it was −$3.2M. About 53% of that change ($2.6M) is a new accounting rule from 2023: towns must now record the future cost of closing things like a landfill. That is not new spending or borrowing. Even leaving that out, only 13 of 81 similar towns are in a weaker position.
Augusta went from having money in the bank to owing more than it has. What changed?
−$4.0M−$2.0M$0$2.0M$4.0M
−$3.2M
201920202021202220232024
Show as a table
Year
Net financial position
2019
$1.7M
2020
$2.3M
2021
$888K
2022
−$1.1M
2023
−$2.1M
2024
−$3.2M
Why it matters
This number is one of the clearest signs of whether a town is living within its means. The accounting-rule part is a bill that will come due when the landfill closes, not money already spent. The rest is real borrowing and spending of savings.
It could be because…
A new accounting rule (asset retirement obligations, from 2023) added a large future cost to the books all at once.
Borrowing for a planned project, such as sewage lagoons, which is paid back over many years.
Questions you could ask
What is the plan and timeline for paying the landfill closing cost?
Without the accounting change, is the town's position getting better or worse?
You can ask during the public part of a council meeting, by writing to the clerk, or by contacting your councillors. How to reach council.
Speak for Augusta?Send us your answer and we will publish it with this question.
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