$8,000,000of industrial land sales budgeted in each of 2025 and 2026
A city can sell land it owns to businesses that want to build. The City of Woodstock budgets for $8,000,000 of land sales in both 2025 and 2026, and almost all of it ($7,787,500 in 2025 and $7,812,800 in 2026) is set aside in an industrial land reserve fund (a savings account for one purpose). The 2024 audited statements show reserve funds rising from $40,951,228 to $69,716,136, an increase of $28,764,908 (worked out by us). They also show planning and development spending of $10,927,028 against a budget of $3,011,055, and "Other" revenue of $34,452,621 against a budget of $27,993,500. The statements do not say what is in "Other", so we have not shown that it is land sales. The capital plan then leans on the same reserve fund: $60,540,000 for the Northeast Industrial Park.
$85,000,000Cowan Fields Community Centre in the 2026 to 2030 capital plan, funded by debentures
The City's 2026 to 2030 capital plan lists a Cowan Fields Community Centre at 85,000,000, with one funding line: "LONG TERM DEBT (Debentures)". Debentures are loans repaid over many years. For comparison, the City's net long-term liabilities at the end of 2024 were $15,037,180 (the 2025 figures are in a scanned file we did not use for numbers). The City tells us in its 2026 budget slides that it has issued new debt for the downtown, the South Gate Centre and a public works office, and that "where possible" it pays some growth debt from development charges (fees on new buildings). We did not find any explanation of the community centre in the documents we read.
$5,758,699increase in the 2026 general purposes tax line (6.99%)
The 2026 operating budget shows the "GENERAL PURPOSES" taxation line going from $82,381,340.00 to 88,140,039.00, a rise of $5,758,699.00 or 6.99%. That line is the tax money the City collects for itself, not the County or schools. In 2025 the budget also used $2,983,450.00 of the previous year's surplus, and in 2026 it uses none. At the same time the transfer to the capital reserve falls from $8,533,810.00 to 4,504,930.00. The City's slides explain the reserve side: the 2024 surplus was put into the capital reserve, which raised the 2025 amount. We did not find the tax rate increase for the average home in the documents we read.
+47%police, fire and safety, 2019 to 2025
Woodstock spent $25.8M on police, fire and safety in 2019 and $38M in 2025. Prices only went up about 21% in that time.