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by hand, Oct 2026DetailsThis is built from public records, which leave a lot out, and some of it may be wrong or out of date.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 Prince Edward County'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.
A clear, checkable guide to Prince Edward County's budget, taxes and council decisions. A single-tier municipality on Lake Ontario in eastern Ontario, with a mayor and thirteen councillors elected by nine wards. Every figure links back to the public record.
$131,174,615total borrowing projected for the end of 2026, up from $73,294,113 at the end of 2024
The 2026 budget book shows the County's total borrowing (long-term debt plus construction loans) at $73,294,113 at the end of 2024 and $131,174,615 projected for 2026. The 2026 figure includes a $62.5 million construction loan for the new Long Term Care home. In the same section the County writes that it "does not have a clear debt strategy" and gives no debt payment projections after 2026, because four plans and studies are not finished. Yearly debt payments rise from $4,800,270 in 2024 to $6,152,438 in 2026. The Province's yearly indicator rates the County's debt payments as a share of revenue as low risk (4.9% in 2024), so this is a question about planning, not a sign of trouble today. The County says the missing plans are under way.
Found by reading the city's own documents · 4 sources
$40,725,064bridge loan owed at the end of 2024, due on demand at the lender's prime rate
At the end of 2024 the County owed $40,725,064 on a "temporary borrowing" bridge loan from Ontario Infrastructure and Lands Corporation (OILC), up from $29,891,064 a year before. The statements say it is due on demand, charges the lender's prime rate, and stays in place until the projects are finished and the loan is turned into fixed-term debt. The same statements show $64,553,476 in cash. The 2026 budget book shows a construction loan balance for 2025 of $40,725,064, the same figure as 2024, so we cannot tell from the book what was owed at the end of 2025.
Found by reading the city's own documents · 4 sources
$48,785,725total reserves projected for 2026, down from $70,972,989 in 2024
Reserves are savings set aside for later costs. The 2026 budget book says total reserves "peaked in 2024" at $70,972,989 and are projected at $60,531,218 for 2025 and $48,785,725 for 2026, as big capital projects go ahead. The County says it will write a long-term reserve strategy in 2026 with minimum and target balances. The book's 2024 balances do not match the audited 2024 statements: it shows obligatory reserve funds of $30,414,722, the statements $30,161,349; it shows discretionary reserve funds of $14,640,212, the statements $15,463,302; and it shows reserves of $25,918,055, the statements $25,807,825. The Province still rates the County's reserves as a share of expenses as low risk, but the share fell from 52.7% in 2023 to 42.2% in 2024.
Found by reading the city's own documents · 5 sources
7.3%levy increase the budget book says the asset plan requires, against 3.56% approved for 2026
The 2026 budget book says the approved 2026 tax levy increase is 3.56% after growth, or $99.81 a year ($8.32 a month) for an average home assessed at $267,000. It also says that "to support the infrastructure asset management plan, an increase on the levy of 7.3% is required", or $14.97 a month, and that keeping the operating budget at its current level needs $7.58 a month more. The book does not say how these amounts relate to the $8.32 a month that was approved. The total to be raised from the tax levy rises from $54,011,445 to $56,867,895, a rise of $2,856,450 (5.3%, worked out by us, before growth). The County also says its Pavement Condition Index for roads is 65 and that Council approved a goal of 83.
Found by reading the city's own documents · 5 sources
$3,987,624deficit before capital items in 2024, against a budgeted surplus of $1,686,812
In the 2024 audited statements, budgeted expenses were $88,305,294 and actual expenses were $96,131,750, which is $7,826,456 more (worked out by us). Budgeted revenue was $89,992,106 and actual revenue was $92,144,126. The result was an annual deficit before capital items of $3,987,624 against a planned surplus of $1,686,812. Materials and supplies were $20,576,560 against a budget of $15,010,564. General government expenses were $12,281,157 against $8,731,317, and transportation services $22,935,289 against $19,168,268. The statements say the budget figures are an adjusted version of the budget Council approved, but we did not find a published explanation of why spending ran over. The County's own unrestricted balance fell from a surplus of $75,664 to a deficiency of $946,781.
Found by reading the city's own documents · 6 sources
14.9%of taxes billed in 2024 were unpaid, against a median of 6.8% for southern single tiers
The Province's yearly indicators for the County show taxes receivable (billed and not yet paid, less an allowance for amounts unlikely to be collected) as 14.9% of taxes levied in 2024, up from 5.3% in 2021 and 10.6% in 2023. The median for southern single-tier municipalities was 6.8% in 2024 and the average 8.2%. The audited statements show taxes receivable of $9,059,160 at the end of 2024, up from $6,046,957. We did not find a County explanation of the rise. The 2026 budget book says corporate revenues rose partly because of "increased penalty and interest on taxes", and it describes a Municipal Financial Relief Program that gave property owners $363,500.
Found by reading the city's own documents · 3 sources
At the end of 2024, Prince Edward County owed $40.7M on temporary loans. That is like putting 43% of a year's income on a line of credit. This is short-term borrowing for building projects, which is normal while waiting for a grant or a long-term loan. But it was already $29.9M a year earlier, so it has lasted more than a year. Only 0 of 2 similar places had any temporary loans at the end of 2024.
Found automatically from the city's financial reports · 1 source
$527,202budgeted for 2026, against $94,000 in the 2025 budget
The County's 2026 operating budget shows the Human Resources department's "Professional & Contracted Services" line at $527,202 for 2026, against a 2025 budget of $94,000. By the end of October 2025 the department had already spent $179,932 on that line, nearly twice its budget. The department's total budget rises from $986,267 to $1,513,402 (53%). The budget book says "unanticipated legal settlements drove up the expenditures in Human Resources", which explains the 2025 overspending. We did not find an explanation of why the 2026 figure is more than five times the 2025 budget. A Non-Union Compensation By-law review has been added to the CAO's Office for 2026.
Found by reading the city's own documents · 2 sources
46 pagesin the 2025 audited statements (by our count of the PDF file), posted as images with no readable text
The County's finance page links "2025 Consolidated Financial Statements", its procurement page links "Procurement By-law 107-2026", and its strong mayor page links the Mayoral Decisions on the 2026 budget. When we opened these PDFs, each page was a single image, and our text extraction returned no text at all (for the Mayoral Decisions, one page each). That means a screen reader may not read them, and residents cannot search them. The County's 2024 statements, its budget book and its budgets are ordinary searchable PDFs. We did not read the 2025 statements and have used no figure from them, so the most recent audited year is missing from this pack.
Found by reading the city's own documents · 3 sources
2024 tax year · Prince Edward County, Ontario
Your tax bill, worked out.
Enter your home's assessed value to see roughly what you pay in property tax each year, who gets it, and what Prince Edward County's share pays for.
Ontario still uses property values from January 1, 2016 for tax, so your assessed value is probably well below what your home would sell for today.
$
It is on your property assessment notice from MPAC, and on your tax bill. We filled in the typical value in Prince Edward County.
An estimate. It uses the residential tax rate, and splits Prince Edward County's share by what each service cost in 2024 after its own fees and grants (for example, water bills pay for much of a water system). Real bills also depend on your property class, local charges and any rebates.
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