The District of Muskoka has unveiled its finances for 2022.
According to a report, the district has added $20.3-million worth of financial assets to its $2.88-billion total.
Municipal debt is down by $3.7-million, which officials say reduces the tax burden on residents, and frees up funds for other initiatives.
Reserve funds have also grown by $21.4-million, earmarked for unforeseen expenses such as emergency maintenance and replacement of district property.
“The positive growth and progress showcased in our 2022 financial results affirm our dedication to serving the community and managing your investments with priority and care,” says District CAO Julie Stevens. “These financial statements reflect our commitment to financial accountability, demonstrating that we are working diligently to ensure a prosperous future for Muskoka.”
You can view Muskoka’s finances on the district’s website.
