The Township of Rideau Lakes says its infrastructure is in strong shape as it celebrates the completion of its 2025 Asset Management Plan.
The plan outlines how the municipality will manage roads, bridges, buildings, storm systems, vehicles and other key assets with a total replacement value of $128 million.
Township officials say the new plan fully meets Ontario’s Regulation 588/17 and provides a clear guide for long-term investment. According to the report, 77 per cent of all municipal assets are in fair or better condition, helping ensure reliable services for residents and businesses.
The Township is also funding 84 per cent of its average annual capital needs — a sign of strong financial health.
A small tax increase of 0.2 per cent per year over the next five years is expected to close the remaining funding gap.
Mayor Arie Hoogenboom says the plan reflects years of careful financial planning and will protect quality of life for future generations.
Residents can read the full plan on the Township’s website.
