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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by hand, Oct 2026DetailsThis is built from public records, which leave a lot out, and some of it may be wrong or out of date.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 The Nation'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 · 13 so far

Things worth asking about

We read The Nation's financial reports and meeting minutes, and compared its numbers with 44 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.

Needs an answerRising costs

Why did The Nation's property tax go up 13% in 2025?

+13%town property tax, 2024 to 2025

In 2025, The Nation collected $1.9M more in its own property tax than in 2024. That is a 13% jump, while prices went up about 2.1%. Only 2 of 44 similar towns raised theirs by more.

Found automatically from the town's financial reports · 3 sources

Worth asking

Worth asking

There may well be a good reason. It is still worth asking what it is.

Worth askingRecord-keeping

Why do the 2025 audited statements show the same spending budget as the 2024 statements, to the dollar?

$26,420,624total spending budget printed in both the 2024 and the 2025 statements

A town's statement of operations puts its budget next to what it actually spent. In the 2025 statements, the budget for each of six kinds of spending is exactly the same as the budget printed in the 2024 statements: $2,921,549 for general government, $628,465 for planning and development, and $26,420,624 in total. The revenue budget did change, from $23,850,397 in the 2024 statements to $29,423,593 in the 2025 statements, and the town's 2025 budget book says the tax levy went up by $1,404,602, so a changed spending budget would be expected too. Until the town says which budget that column shows, we cannot tell whether lines such as planning and development ($1,820,863 spent in 2025 against $628,465 'budget') were over budget or not. We did not use any spending-against-budget comparison as a finding.

Found by reading the town's own documents · 5 sources

Worth askingMoney health

How much room does The Nation have left to borrow, and what happens when its biggest loans come up for renewal?

$39,061,213owed in long-term loans at December 31, 2025

At the end of 2025 The Nation owed $39,061,213 in long-term loans. A loan 'renews' when its fixed interest rate ends and a new rate is set. The sports complex loan ($9,807,865 at 5.770%) renews in 2026, and the two Limoges water and sewer loans ($11,689,910 and $9,410,175, both at 4.812%) renew in 2028. Interest on long-term debt was $2,141,751 in 2025, up from $1,955,856 in 2024 (about 7.7% of all spending, worked out by us). The town says its 'annual repayment limit', the most the province lets it commit each year to loan payments, is 'limited due to three large loans taken on in 2023', so new borrowing must be 'very strategic and cautious'. The 2026 budget still plans two new borrowings (a water project and the vehicle fleet). The town's table showing its current debts and its remaining room is a picture in the budget book, so we could not read it.

Found by reading the town's own documents · 6 sources

Worth askingSpending level

What does the Sports Complex cost residents each year once its loan payments are counted, and what makes up its $755,390 of financial expenses?

$755,390'financial expenses' for the Sports Complex in the 2026 budget

The 2026 budget expects the Sports Complex to earn $320,000 and to cost $542,904 to run. Separately it lists "Financial expenses (Sports complex)" of $755,390 (2025: $778,177). Counting all three, the complex costs about $978,294 more than it earns in 2026 (worked out by us: 320,000 less 542,904 less 755,390). The loan the statements label "Complexe" has monthly payments of $32,241, which is $386,892 a year (worked out by us), about half of the financial expenses line. The budget does not say what else is in that line. The whole recreation department needs $2,346,123 from taxes in 2026.

Found by reading the town's own documents · 2 sources

Worth askingMoney health

Why borrow $8,000,000 on a loan that can be called at any time while holding $14,031,789 in term deposits?

$8,000,000drawn on a demand loan for pumping station 11, against $14,031,789 in term deposits

At December 31, 2025 The Nation had drawn $8,000,000 of a $10,740,356 temporary loan for the sanitary pumping station 11. The note says it "is repayable on demand" and carries a floating rate set by Ontario Infrastructure and Lands Corporation. The same statements list $14,031,789 of term deposits (a savings product that pays interest for a set time), most of it $12,930,669 at 2.25% with no specific maturity date. The town bought $9,029,221 of term deposits in 2025 and ended the year with $2,015,927 in cash. The statements do not say how the temporary loan will be turned into long-term debt or what it will cost.

Found by reading the town's own documents · 5 sources

Worth askingRising costs

Why did the cost of parks, arena and library grow 77% in 6 years?

+77%parks, arena and library, 2019 to 2025

The Nation spent $1.7M on parks, arena and library in 2019 and $3.0M in 2025. Prices only went up about 21% in that time. Only 5 of 44 similar towns had faster growth here.

Found automatically from the town's financial reports · 3 sources

Worth askingMoney health

What is the $8.0M short-term loan for, and when will it be paid off?

$8.0Min temporary loans, end of 2025

At the end of 2025, The Nation owed $8.0M on temporary loans. That is like putting 23% 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. Only 2 of 44 similar towns had any temporary loans at the end of 2025.

Found automatically from the town's financial reports · 1 source

Good to know

Good to know

Background that helps make sense of the rest.

Good to knowMoney health

Why was the 2025 surplus $7,617,500 when the budget planned $6,257,584, after a $605,584 surplus in 2024?

$7,617,500annual surplus in 2025, against a budgeted $6,257,584

A surplus is what is left when a year's revenue is more than its spending. The statements show 2025 revenue of $31,977,762 against a budget of $29,423,593. User charges (fees for water, sewer, garbage, ice and halls) were $11,808,263 against $9,715,616. Assets given to the town, such as roads and pipes built by developers, were counted at $680,822 against $10,000 budgeted. The statements explain that the budget is built on a different accounting basis, so part of any gap is accounting and not cash. The town did not break down the rest in the pages we read. For 2024 the statements planned a deficit of $242,327 and showed a surplus of $605,584.

Found by reading the town's own documents · 4 sources

Good to knowRising costs

How much more will residents pay each year to close the infrastructure funding gap?

$7.6 millionyearly infrastructure funding gap, per the 2026 budget book

The town says it fell behind on costs: over eight years taxes rose 12% while the cost of projects rose by more than 50%. It raised the 2025 municipal levy (the total property tax it collects for its own services) by $1,404,602, to $16,345,943, which was $222.19 more for a home assessed at $300,000. For 2026 it plans a further $741,820, or 4.58% above the revenue neutral rate, which is $61.17 more for the same home. The 2025 Asset Management Plan found a $7.6 million yearly gap between what is needed and what is funded, and the town plans to close it over 15 years for tax-funded assets and 20 years for rate-funded ones. Taxation revenue in the statements rose from $14,501,975 in 2024 to $16,391,447 in 2025 (about 13%, worked out by us).

Found by reading the town's own documents · 5 sources

Good to knowRecord-keeping

Which is the right 2026 capital total: $16,396,988 or $16,406,988?

$10,000difference between the two 2026 capital totals in the same budget book (worked out by us)

The 2026 budget book says in its text that capital investments for 2026 total $16,396,988. The capital table near the back shows a total of $16,406,988. The two differ by $10,000 (worked out by us). The pages with the summary tables in the middle of the book are pictures, so we could not check which line the difference comes from.

Found by reading the town's own documents · 2 sources

Good to knowHow decisions are made

How much say did council have in the 2026 budget, now that The Nation has strong-mayor powers?

December 10, 2025date the 2026 Mayor's budget was to be deemed adopted

Since May 1, 2025 the province has given The Nation 'Strong Mayor Powers'. The 2026 budget is called the Mayor's budget: it was submitted on November 10, 2025 and 'deemed adopted, if proposed amendments are not vetoed' on December 10, 2025. The cover of the final budget is dated 12.12.2025, two days after that. The budget says the powers let the mayor propose and adopt the budget and veto council decisions that conflict with it. We did not read council minutes, so we do not know whether council proposed amendments or whether any were vetoed.

Found by reading the town's own documents · 3 sources

Each question in full

Needs an answerFound automatically from financial reports

Why did The Nation's property tax go up 13% in 2025?

+13%town property tax, 2024 to 2025

In 2025, The Nation collected $1.9M more in its own property tax than in 2024. That is a 13% jump, while prices went up about 2.1%. Only 2 of 44 similar towns raised theirs by more.

Why did The Nation's property tax go up 13% in 2025?
$16.5M
Show as a table
YearTown property tax
2019$11.5M
2020$12.2M
2021$12.5M
2022$13.1M
2023$13.9M
2024$14.7M
2025$16.5M

Why it matters

A big one-year jump usually means something changed: a new cost, a service that grew, savings being rebuilt, or a problem from earlier years being paid for now. Residents should be able to see exactly which. Spread across every home, it is about $322 more each year.

It could be because…

  • Costs the town cannot control went up, such as policing, insurance or county charges.
  • The town kept taxes too low in earlier years and is catching up.
  • The town is rebuilding savings or paying for a big project like a bridge or equipment.

Questions you could ask

  1. What were the three biggest reasons for the 2025 increase, in dollars?
  2. Is a similar increase planned for next year?

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 The Nation? Send us your answer and we will publish it with this question.

The evidence

  1. Town property tax: $14,683,346 in 2024, $16,539,888 in 2025.

    Ontario Financial Information Return (FIR), 2019 to 2025 · Schedule 10, line 9940 · archived copy

  2. Typical increase among 44 similar Ontario towns: 7.1%. The Nation ranks 3rd highest.

    Ontario Financial Information Return (FIR), 2025, 44 similar municipalities · Schedule 10, line 9940 · archived copy

  3. Prices (inflation) rose 2.1% over the same year.

    Statistics Canada CPI, table 18-10-0005-01 · archived copy

↑ All questions

Needs an answerFound automatically from financial reports

Why does The Nation spend more than most similar towns on council?

$342per home on council, 2025

The Nation spent about $342 per home on council in 2025. The typical similar town spent $50. Only 1 of 44 similar towns spent more.

Why it matters

Spending more than neighbours is not wrong by itself. It might buy better service. But it is the first place to look for costs that could be lower, such as contracts that were not competitively bid.

It could be because…

  • Geography: more roads, more snow, a bigger area or a landfill of its own.
  • Accounting: some towns record the same cost in a different category.
  • A one-time cost in this year.

Questions you could ask

  1. What makes this cost higher here than in similar towns?
  2. When were the main contracts in this area last put out to competitive tender?

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 The Nation? Send us your answer and we will publish it with this question.

The evidence

  1. Council per home: The Nation $342; typical similar town $50; ranked 2nd highest of 45.

    Ontario Financial Information Return (FIR), 2025, 44 similar municipalities · Schedule 40 and Schedule 2 · archived copy

↑ All questions

Needs an answerFound automatically from financial reports

Why does The Nation spend more than most similar towns on long-term debt?

$6,780per home on long-term debt, 2025

The Nation spent about $6,780 per home on long-term debt in 2025. The typical similar town spent $1,163. None of the 44 similar towns spent more.

Why it matters

Spending more than neighbours is not wrong by itself. It might buy better service. But it is the first place to look for costs that could be lower, such as contracts that were not competitively bid.

It could be because…

  • Geography: more roads, more snow, a bigger area or a landfill of its own.
  • Accounting: some towns record the same cost in a different category.
  • A one-time cost in this year.

Questions you could ask

  1. What makes this cost higher here than in similar towns?
  2. When were the main contracts in this area last put out to competitive tender?

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 The Nation? Send us your answer and we will publish it with this question.

The evidence

  1. Long-term debt per home: The Nation $6,780; typical similar town $1,163; ranked 1st highest of 45.

    Ontario Financial Information Return (FIR), 2025, 44 similar municipalities · Schedule 40 and Schedule 2 · archived copy

↑ All questions

Worth askingFound by reading the town's documents

Why do the 2025 audited statements show the same spending budget as the 2024 statements, to the dollar?

$26,420,624total spending budget printed in both the 2024 and the 2025 statements

A town's statement of operations puts its budget next to what it actually spent. In the 2025 statements, the budget for each of six kinds of spending is exactly the same as the budget printed in the 2024 statements: $2,921,549 for general government, $628,465 for planning and development, and $26,420,624 in total. The revenue budget did change, from $23,850,397 in the 2024 statements to $29,423,593 in the 2025 statements, and the town's 2025 budget book says the tax levy went up by $1,404,602, so a changed spending budget would be expected too. Until the town says which budget that column shows, we cannot tell whether lines such as planning and development ($1,820,863 spent in 2025 against $628,465 'budget') were over budget or not. We did not use any spending-against-budget comparison as a finding.

Why it matters

The budget column is how residents and council check whether money was spent as promised. If it holds last year's numbers, the comparison tells readers nothing, and the auditor's statements would carry a table that does not match the budget council adopted.

It could be because…

  • The spending lines may have been carried forward by mistake when the 2025 statements were laid out. The note that reconciles the budget uses different capital spending for each year ($7,033,874 in 2024, $9,839,950 in 2025), so the adopted budget may be right and only this table wrong.
  • The note says the budget shown is the plan council adopted, adjusted to match the statements' accounting basis, so the table may reflect that adjustment.
  • It is possible, though not likely given the larger levy, that the spending budget for these six lines did not change.

Questions you could ask

  1. Is the 'Budget' column for spending in the 2025 consolidated statements the budget council adopted for 2025?
  2. Why are six spending lines identical to the dollar to the 2024 column, and will the statements be corrected if they are wrong?

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 The Nation? Send us your answer and we will publish it with this question.

The evidence

  1. Statement of operations, 2025 "Budget" column, expenses: General government 2,921,549; Protection services 3,818,363; Transportation services 6,920,951; Environmental services 8,123,655; Recreation and cultural services 4,007,641; Planning and development 628,465; total 26,420,624. Revenues, budget: total 29,423,593. Actual 2025 planning and development: 1,820,863. (Printed in French and English side by side.)

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Consolidated Statement of Operations, PDF page 8

  2. Statement of operations, 2024 "Budget" column, expenses: General government 2,921,549; Protection services 3,818,363; Transportation services 6,920,951; Environmental services 8,123,655; Recreation and cultural services 4,007,641; Planning and development 628,465; total 26,420,624. Revenues, budget: total 23,850,397.

    Consolidated Financial Statements, year ended December 31, 2024 (The Nation Municipality) · Consolidated Statement of Operations, PDF page 8

  3. Note 13, Budget, 2025: "Capital expenses" 9,839,950, reconciling to a "Budget surplus per consolidated statement of operations" of 6,257,584.

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Note 13, PDF page 26

  4. Note 13, Budget, 2024: "Capital expenses" 7,033,874, reconciling to a "Budget loss per consolidated statement of operations" of (242,327).

    Consolidated Financial Statements, year ended December 31, 2024 (The Nation Municipality) · Note 13, PDF page 26

  5. "The municipal tax levy for 2025 will see an increase of $1,404,602 over prior year for a total levy of $16,345,943."

    2025 Budget book (The Nation Municipality) · Property taxes, PDF page 13

↑ All questions

Worth askingFound by reading the town's documents

How much room does The Nation have left to borrow, and what happens when its biggest loans come up for renewal?

$39,061,213owed in long-term loans at December 31, 2025

At the end of 2025 The Nation owed $39,061,213 in long-term loans. A loan 'renews' when its fixed interest rate ends and a new rate is set. The sports complex loan ($9,807,865 at 5.770%) renews in 2026, and the two Limoges water and sewer loans ($11,689,910 and $9,410,175, both at 4.812%) renew in 2028. Interest on long-term debt was $2,141,751 in 2025, up from $1,955,856 in 2024 (about 7.7% of all spending, worked out by us). The town says its 'annual repayment limit', the most the province lets it commit each year to loan payments, is 'limited due to three large loans taken on in 2023', so new borrowing must be 'very strategic and cautious'. The 2026 budget still plans two new borrowings (a water project and the vehicle fleet). The town's table showing its current debts and its remaining room is a picture in the budget book, so we could not read it.

Why it matters

Loan payments come first, before roads and recreation. A higher interest rate at renewal, or little room left under the limit, would mean either higher user fees and taxes or fewer projects.

It could be because…

  • Much of the debt paid for water and sewer growth, and the budget says the water debt for 2026 will be repaid by future connections rather than current users.
  • The town says 58% of 2026 debt repayments will be covered by specific user fees, not general taxes.
  • Rates at renewal may be lower than today's, especially for the 5.770% loan.
  • Borrowing spreads the cost of long-lived assets over the years that residents use them.

Questions you could ask

  1. How much of the annual repayment limit is used today, and how much will be left after the 2026 borrowing?
  2. Which are the 'three large loans taken on in 2023', and what rate does the town expect when the sports complex loan renews in 2026?

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 The Nation? Send us your answer and we will publish it with this question.

The records that would answer this can be requested: Annual repayment limit worksheet for 2026, with wording you can copy.

The evidence

  1. Note 6, Net Long-Term Liabilities: total 39,061,213 (2024: 40,873,849). "Loan, 5.770%, payable by monthly instalments of $32,241, principal and interest, renewable in 2026. (Complexe)" 9,807,865. "Loan, 4.812% ... renewable in 2028. (Limoges water)" 11,689,910. "Loan, 4.812% ... renewable in 2028. (Limoges sewer)" 9,410,175.

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Note 6, PDF pages 18 and 19

  2. Note 6 principal payments: 2026 $1,848,959; 2027 $1,974,530; 2028 $2,056,753; 2029 $2,106,706; 2030 $2,088,906; thereafter $28,985,359.

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Note 6, PDF page 19

  3. Note 9, Expenses by Object: "Interest on long-term debt" 2,141,751 (2024: 1,955,856); total expenses 27,795,590.

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Note 9, PDF page 23

  4. "With interest rates still high at the time of budget preparation as well as our ARL becoming limited due to three large loans taken on in 2023, the use of debt must be very strategic and cautious."

    Final Mayor's Budget 2026 (The Nation Municipality) · Debt and the ARL, PDF page 15

  5. "In 2026, 58% of debt repayments will be covered by specific user fees rather than taxpayers." "In 2026, two projects are proposed for borrowing: a water infrastructure initiative and fleet. The debt tied to water will be repaid through future connections rather than by current users." (Quoted from the English side of the bilingual page.)

    Final Mayor's Budget 2026 (The Nation Municipality) · Debt, PDF page 16

  6. 2026 capital investments table, total row: budgeted cost 16,406,988; "L-T DEBT" column (3,892,000); "FROM TAXES" 1,871,395.

    Final Mayor's Budget 2026 (The Nation Municipality) · 2026 Capital Investments, PDF page 54

↑ All questions

Worth askingFound by reading the town's documents

What does the Sports Complex cost residents each year once its loan payments are counted, and what makes up its $755,390 of financial expenses?

$755,390'financial expenses' for the Sports Complex in the 2026 budget

The 2026 budget expects the Sports Complex to earn $320,000 and to cost $542,904 to run. Separately it lists "Financial expenses (Sports complex)" of $755,390 (2025: $778,177). Counting all three, the complex costs about $978,294 more than it earns in 2026 (worked out by us: 320,000 less 542,904 less 755,390). The loan the statements label "Complexe" has monthly payments of $32,241, which is $386,892 a year (worked out by us), about half of the financial expenses line. The budget does not say what else is in that line. The whole recreation department needs $2,346,123 from taxes in 2026.

Why it matters

Residents pay for the complex through taxes, so they can reasonably ask what it costs after loan payments, and why the budget line is larger than the loan payments the statements show.

It could be because…

  • The line may include interest or payments on a second loan, a lease or a reserve contribution tied to the complex that we could not see.
  • The complex is a community building that is not meant to earn back all its costs from fees.
  • The loan's 2026 renewal may change the payments, so the budget may include an allowance for that.

Questions you could ask

  1. What is in the $755,390 of Sports Complex financial expenses beyond the $32,241 monthly loan payment?
  2. What is the Sports Complex's yearly cost to taxpayers after fees and loan payments?

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 The Nation? Send us your answer and we will publish it with this question.

The records that would answer this can be requested: What is in the Sports Complex's financial expenses, with wording you can copy.

The evidence

  1. Parks and recreation operating budget, 2025 and 2026 budget: Sports Complex revenue 289,000 and 320,000; "Sports Complex" expenses 506,766 and 542,904; "Financial expenses (Sports complex)" 778,177 and 755,390. "Tax impact" for operations: $2,346,123.

    Final Mayor's Budget 2026 (The Nation Municipality) · Parks and Recreation, operating budget details, PDF page 44

  2. Note 6: "Loan, 5.770%, payable by monthly instalments of $32,241, principal and interest, renewable in 2026. (Complexe)" balance 9,807,865 (2024: 10,009,481).

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Note 6, PDF page 18

↑ All questions

Worth askingFound by reading the town's documents

Why borrow $8,000,000 on a loan that can be called at any time while holding $14,031,789 in term deposits?

$8,000,000drawn on a demand loan for pumping station 11, against $14,031,789 in term deposits

At December 31, 2025 The Nation had drawn $8,000,000 of a $10,740,356 temporary loan for the sanitary pumping station 11. The note says it "is repayable on demand" and carries a floating rate set by Ontario Infrastructure and Lands Corporation. The same statements list $14,031,789 of term deposits (a savings product that pays interest for a set time), most of it $12,930,669 at 2.25% with no specific maturity date. The town bought $9,029,221 of term deposits in 2025 and ended the year with $2,015,927 in cash. The statements do not say how the temporary loan will be turned into long-term debt or what it will cost.

Why it matters

A loan repayable on demand has to be refinanced or repaid at the lender's choice, and borrowing at a floating rate while savings earn 2.25% could cost more than it earns. Residents are owed a plain account of the plan.

It could be because…

  • Much of the deposited money may be set aside for other uses: the statements list $19,016,061 in reserves and reserve funds and $4,275,542 in deferred revenue (money received for a set purpose, such as development charges). Holding it in deposits can be a legal or policy requirement.
  • Cash for a large construction project may be needed before long-term financing is arranged, and the town may plan to convert the loan with the provincial lender.
  • The deposits may earn more than the loan costs, which is not stated.

Questions you could ask

  1. When does the town plan to convert the $8,000,000 temporary loan to long-term debt, and at what expected rate?
  2. How much of the $14,031,789 in term deposits is reserves and deferred revenue that the town must hold, and how much is free to use?

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 The Nation? Send us your answer and we will publish it with this question.

The records that would answer this can be requested: Financing plan for pumping station 11, with wording you can copy.

The evidence

  1. Note 1, Temporary Loans: "The Municipality has an authorized temporary loan of $10,740,356 for the construction of the sanitary pumping station 11. This loan is repayable on demand or can be converted into a long-term loan ... Interest is calculated at the floating annual rate as determined by OILC ... As of December 31, 2025, the amount received is $8,000,000."

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Note 1, PDF page 14

  2. Note 2, Term deposits: 12,930,669 at 2.25%, 650,120 at 2.00%, 451,000 at 2.80% maturing December 2, 2026; total 14,031,789 (2024: 5,453,568).

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Note 2, PDF page 14

  3. Statement of cash flows: "Redemption (purchase) of term deposits" (9,029,221); "Increase of temporary loans" 8,000,000; "Cash, end of year" $ 2,015,927.

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Consolidated Statement of Cash Flows, PDF page 10

  4. Note 12, Accumulated Surplus: reserves and reserve funds total 19,016,061 (2024: 16,074,201).

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Note 12, PDF page 25

  5. Note 5, Deferred Revenue: total 4,275,542 (2024: 3,599,151), including development charges 2,808,002.

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Note 5, PDF page 17

↑ All questions

Worth askingFound automatically from financial reports

Why did the cost of parks, arena and library grow 77% in 6 years?

+77%parks, arena and library, 2019 to 2025

The Nation spent $1.7M on parks, arena and library in 2019 and $3.0M in 2025. Prices only went up about 21% in that time. Only 5 of 44 similar towns had faster growth here.

Why did the cost of parks, arena and library grow 77% in 6 years?
+77%
Show as a table
YearParks, arena and libraryPrices (inflation)
2019+0%+0%
2020−14%+1%
2021−20%+4%
2022−1%+11%
2023+79%+16%
2024+98%+18%
2025+77%+21%

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

  1. What did the extra $1.3M a year pay for?
  2. Why did arena and buildings go from $1.3M to $2.6M?
  3. 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 The Nation? Send us your answer and we will publish it with this question.

The evidence

  1. Parks, arena and library: 2019 $1.7M, 2020 $1.4M, 2021 $1.3M, 2022 $1.7M, 2023 $3.0M, 2024 $3.3M, 2025 $3.0M.

    Ontario Financial Information Return (FIR), 2019 to 2025 · Schedule 40 · archived copy

  2. Biggest driver: Arena and buildings, from $1.3M to $2.6M.

    Ontario Financial Information Return (FIR), 2019 to 2025 · Schedule 40 · archived copy

  3. Typical growth among similar towns: 67%. The Nation ranks 6th of 45.

    Ontario Financial Information Return (FIR), 2025, 44 similar municipalities · Schedule 40 · archived copy

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Worth askingFound automatically from financial reports

What is the $8.0M short-term loan for, and when will it be paid off?

$8.0Min temporary loans, end of 2025

At the end of 2025, The Nation owed $8.0M on temporary loans. That is like putting 23% 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. Only 2 of 44 similar towns had any temporary loans at the end of 2025.

What is the $8.0M short-term loan for, and when will it be paid off?
$8.0M
Show as a table
YearTemporary loans
2019$0
2020$4.5M
2021$6.7M
2022$25.4M
2023$0
2024$0
2025$8.0M

Why it matters

Short-term loans usually cost more interest and can be called in. If they roll over year after year, the town is really carrying debt that does not show up as long-term debt.

It could be because…

  • The town is waiting for a promised grant to arrive for a finished project.
  • A long-term loan (debenture) for the project has been approved but not yet issued.

Questions you could ask

  1. Which project is the loan for, and what is the interest rate?
  2. When will it be repaid or turned into a long-term loan, and where does that money come from?

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 The Nation? Send us your answer and we will publish it with this question.

The evidence

  1. Temporary loans: 2019 $0, 2020 $4.5M, 2021 $6.7M, 2022 $25.4M, 2023 $0, 2024 $0, 2025 $8.0M.

    Ontario Financial Information Return (FIR), 2019 to 2025 · Schedule 70, line 2099 · archived copy

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Good to knowFound by reading the town's documents

Why was the 2025 surplus $7,617,500 when the budget planned $6,257,584, after a $605,584 surplus in 2024?

$7,617,500annual surplus in 2025, against a budgeted $6,257,584

A surplus is what is left when a year's revenue is more than its spending. The statements show 2025 revenue of $31,977,762 against a budget of $29,423,593. User charges (fees for water, sewer, garbage, ice and halls) were $11,808,263 against $9,715,616. Assets given to the town, such as roads and pipes built by developers, were counted at $680,822 against $10,000 budgeted. The statements explain that the budget is built on a different accounting basis, so part of any gap is accounting and not cash. The town did not break down the rest in the pages we read. For 2024 the statements planned a deficit of $242,327 and showed a surplus of $605,584.

Why it matters

A surplus far above budget can mean taxes and fees were set higher than needed, or that money arrives in one-off lumps (grants, donated assets). The town has explained part of it, so we raise this as context.

It could be because…

  • Donated assets and capital grants are counted as revenue when received but pay for projects over several years.
  • The budget is built on a cash basis and reconciled to the statements' basis in note 13, so some of the gap is accounting.
  • User charges may include one-time connection fees from growth in Limoges, which the statements count as user charges.

Questions you could ask

  1. How much of the 2025 surplus was cash from fees and taxes, and how much was donated assets and capital grants?
  2. Why were user charges $2,092,647 higher than budget (worked out by us), and are connection fees included?

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 The Nation? Send us your answer and we will publish it with this question.

The evidence

  1. Statement of operations, 2025: revenues total budget 29,423,593, actual 31,977,762 (2024 actual 26,917,811); user charges budget 9,715,616, actual 11,808,263; "Annual surplus" budget 6,257,584, actual 7,617,500 (2024 actual 605,584).

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Consolidated Statement of Operations, PDF page 8

  2. Note 7, Other Revenues: "Contributed tangible capital assets" budget 10,000, actual 680,822 (2024: 16,128); donations budget 263,640, actual 440,479.

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Note 7, PDF page 20

  3. Note 13: "The Financial Plan (Budget) By-Law adopted by municipal Council was not prepared on a basis consistent with that used to report actual results (Public Sector Accounting Board)."

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Note 13, PDF page 26

  4. Statement of operations, 2024: "Annual surplus (deficit)" budget (242,327), actual 605,584 (2023 actual 2,747,917).

    Consolidated Financial Statements, year ended December 31, 2024 (The Nation Municipality) · Consolidated Statement of Operations, PDF page 8

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Good to knowFound by reading the town's documents

How much more will residents pay each year to close the infrastructure funding gap?

$7.6 millionyearly infrastructure funding gap, per the 2026 budget book

The town says it fell behind on costs: over eight years taxes rose 12% while the cost of projects rose by more than 50%. It raised the 2025 municipal levy (the total property tax it collects for its own services) by $1,404,602, to $16,345,943, which was $222.19 more for a home assessed at $300,000. For 2026 it plans a further $741,820, or 4.58% above the revenue neutral rate, which is $61.17 more for the same home. The 2025 Asset Management Plan found a $7.6 million yearly gap between what is needed and what is funded, and the town plans to close it over 15 years for tax-funded assets and 20 years for rate-funded ones. Taxation revenue in the statements rose from $14,501,975 in 2024 to $16,391,447 in 2025 (about 13%, worked out by us).

Why it matters

Residents will be asked for steady increases for many years. The town has published its reasons, but the total path over 15 to 20 years has to be put together from several pages.

It could be because…

  • The town is catching up after years of increases below inflation, as its own budget books say.
  • Spreading the increase over 15 to 20 years is gentler than one large jump.
  • Part of the increase pays for growth and for services such as policing set by other governments.

Questions you could ask

  1. What is the total expected tax and water and sewer rate path for the next 15 to 20 years, in dollars for an average home?
  2. How is the town measuring whether the extra money is actually closing the $7.6 million gap?

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 The Nation? Send us your answer and we will publish it with this question.

The evidence

  1. "This plan proposed a scenario which involved a gradual increase in funding to close the $7.6 million annual funding gap over a 15-year period for tax funded assets and a 20-year period for rate funded assets." Rates shown: tax funded assets 2.2% per year for 15 years; water rates 3.1% per year for 20 years; wastewater rates 4.09% per year for 20 years.

    Final Mayor's Budget 2026 (The Nation Municipality) · 2025 Asset Management Plan, PDF pages 9 and 10

  2. "The 2026 budget includes estimates which reflect an overall levy increase of $741,820 for operations and capital ... an increase of 4.58% over the revenue neutral rate." "For an average residential assessment of $300,000, this increase means an additional $61.17 per year in taxes."

    Final Mayor's Budget 2026 (The Nation Municipality) · Proposed 2026 Residential Tax Rate, PDF page 12

  3. "Over the past eight years, inflation (as measured by the Consumer Price Index) has increased by approximately 24% and the cost of projects ... has risen by more than 50%. However, during this same period, The Nation only increased taxes by 12%."

    2025 Budget book (The Nation Municipality) · Taxation and Revenues, PDF page 12

  4. "The municipal tax levy for 2025 will see an increase of $1,404,602 over prior year for a total levy of $16,345,943. For a residential property assessed at $300,000, this represents an annual municipal property tax increase of $222.19."

    2025 Budget book (The Nation Municipality) · Property taxes, PDF page 13

  5. Statement of operations: Taxation 2025 actual 16,391,447, 2024 actual 14,501,975.

    Consolidated Financial Statements, year ended December 31, 2025 (The Nation Municipality) · Consolidated Statement of Operations, PDF page 8

↑ All questions

Good to knowFound by reading the town's documents

Which is the right 2026 capital total: $16,396,988 or $16,406,988?

$10,000difference between the two 2026 capital totals in the same budget book (worked out by us)

The 2026 budget book says in its text that capital investments for 2026 total $16,396,988. The capital table near the back shows a total of $16,406,988. The two differ by $10,000 (worked out by us). The pages with the summary tables in the middle of the book are pictures, so we could not check which line the difference comes from.

Why it matters

A small gap in the headline capital figure is unlikely to matter by itself, but residents rely on the book's headline numbers, and the budget is meant to balance exactly.

It could be because…

  • A late amendment may have changed one page and not the other.
  • The text may count capital differently, for example before or after a small item.

Questions you could ask

  1. Which capital total did the Mayor's budget adopt, and which line explains the $10,000 difference?

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 The Nation? Send us your answer and we will publish it with this question.

The evidence

  1. "Capital investments for 2026 total $16,396,988."

    Final Mayor's Budget 2026 (The Nation Municipality) · Capital Investments, PDF page 14

  2. 2026 Capital Investments table, total row: budgeted cost 16,406,988.

    Final Mayor's Budget 2026 (The Nation Municipality) · 2026 Capital Investments, PDF page 54

↑ All questions

Good to knowFound by reading the town's documents

How much say did council have in the 2026 budget, now that The Nation has strong-mayor powers?

December 10, 2025date the 2026 Mayor's budget was to be deemed adopted

Since May 1, 2025 the province has given The Nation 'Strong Mayor Powers'. The 2026 budget is called the Mayor's budget: it was submitted on November 10, 2025 and 'deemed adopted, if proposed amendments are not vetoed' on December 10, 2025. The cover of the final budget is dated 12.12.2025, two days after that. The budget says the powers let the mayor propose and adopt the budget and veto council decisions that conflict with it. We did not read council minutes, so we do not know whether council proposed amendments or whether any were vetoed.

Why it matters

The budget sets taxes for the year. Residents should be able to see what council changed, and which version took effect.

It could be because…

  • This is the process the province's rules require for a municipality with these powers.
  • The cover date may show when the final book was published, not when the budget was adopted.
  • Council may have discussed amendments in public meetings we did not read.

Questions you could ask

  1. Did council propose any amendments to the 2026 Mayor's budget, and were any of them vetoed?
  2. Which dated version of the budget was deemed adopted, and where can residents see council's amendments?

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 The Nation? Send us your answer and we will publish it with this question.

The evidence

  1. Key dates: "Public budget request session - Sept 8, 2025"; "Mayor's Budget - submitted on Nov 10, 2025"; "Deemed adopted, if proposed amendments are not vetoed - December 10, 2025".

    Final Mayor's Budget 2026 (The Nation Municipality) · Key Dates, PDF page 2

  2. Cover, English side: "FINAL MAYOR'S BUDGET 2026" and below it "(12.12.2025)".

    Final Mayor's Budget 2026 (The Nation Municipality) · Cover, PDF page 1

  3. "As of May 1, 2025, The Nation Municipality was given Strong Mayor Powers by the Province under O. Reg 530/22." "The Mayor can also veto council decisions that conflict with the approved budget."

    Final Mayor's Budget 2026 (The Nation Municipality) · Strong Mayor Powers, PDF pages 7 and 8

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