$300,000building permit revenue in the 2026 budget, against $1,500,000 in the 2025 budget
The 2025 budget counted on $1,500,000 from building permits, double the year before. The 2026 budget cuts that line to $300,000. The Town explains that new development has slowed, and a message from senior staff in the 2026 budget says housing starts have dropped. To cover the gap in 2026 the Building budget takes $403,451 from reserves. The reserve table then forecasts the "Building Residential" reserve fund at minus $344,139 at the end of 2026. A reserve fund is money set aside for a purpose. The 2025 budget book had forecast building revenue of $1,668,111 for 2026, so the 2026 figure is far from what was expected a year earlier.
$741,517taken from reserves to pay 2026 wastewater costs, up from $183,984
The Town's wastewater budget for 2026 is $1,491,517 of costs. In the 2025 budget it was $183,984, and the 2025 budget book had forecast $187,664 for 2026. The 2026 budget covers the costs with $750,000 of "cost recovery" (charges to users of the new plant) and $741,517 taken from reserves. The Town gives its own explanation: costs rise because of "OCWA operating costs" (OCWA is the operator the budget names for the plant) and cost recovery is up because of new fees for new facilities. We worked out that the 2026 cost is $1,303,853 higher than the 2025 budget book forecast a year earlier (worked out by us).
$(2,047,439)general deficit in the 2023 budget note, against an annual surplus of $74,994,188
The audited 2023 statements show an annual surplus of $74,994,188. Almost all of it is developer money for the wastewater plant. Note 5 lists $75,326,282 of development charge revenue, and the deferred revenue schedule shows $74,790,328 recognized from developer contributions for the plant. A note called "Budget" then shows a "General surplus (deficit)" of $(2,047,439) for 2023 and $(1,751,082) for 2022. The note says budgets are prepared on a cash basis, which means counting money in and out, and are changed to match the statements. So the headline surplus does not describe how the Town's own day-to-day operations did. Unrestricted cash (cash the Town can spend on anything) rose to $11,490,278 from $2,324,494.
$1,369,588taken from reserves to balance the 2026 budget, up from $840,179
The 2026 budget raises the Town's tax rate by 3.8%, which the budget says is about $12 per $100,000 of assessment. The "Tax Levy" line in the budget (money raised from property taxes) rises from $10,063,945 to $10,203,000, a rise of $139,055, or about 1.4% (worked out by us). Other lines carry more of the load. Revenue from supplementary taxes (extra tax billed on new buildings during the year) is budgeted at $625,882, up from $253,000. Transfers from reserves rise from $840,179 to $1,369,588. The Tax Stabilization reserve (a fund meant to smooth tax rises) drops from $827,399 at the end of 2024 to a forecast $332,783 at the end of 2026. The 2025 budget book also shows two different 2025 tax levy figures, $10,123,945 and $10,063,945.
+72%parks, arena and library, 2019 to 2024
Erin spent $1.1M on parks, arena and library in 2019 and $2.0M in 2024. Prices only went up about 18% in that time. Only 15 of 87 similar towns had faster growth here.
+77%police, fire and safety, 2019 to 2024
Erin spent $1.3M on police, fire and safety in 2019 and $2.4M in 2024. Prices only went up about 18% in that time.