01 · Plank one
The money
A town on the road to its debt limit.
In June 2026 the town's independent consultant, Hemson, delivered a 20-year financial plan. Its findings were blunt: billions of dollars in capital needs over 20 years, property tax increases averaging about 7% a year for the next five years under current plans, and Innisfil reaching its legislated debt limit within about a decade.3 The town's share of your tax rate is already up roughly 21% since 2022,1 and this year's increase was held to 4.2% only by drawing on reserves and last year's surplus, a level of reserve use the town's own staff report calls "not sustainable."2
This is not a crisis yet. It becomes one if the next council keeps approving new projects the way the last one did.
A clear rule for new spending
No new major capital projects until the town is off the path Hemson describes. Core services come first: roads, drainage, water, fire and winter maintenance. Everything else must be paid for from money we already have, such as the capital levy, OLG revenue and properly managed reserves, and it must use the buildings and land the town already owns.
Maintain what we own before we build
Council found $12.3 million, largely OLG and development-charge money, for Phase 1 of a $48 million beach plan in Alcona,4 while the Stroud arena, flagged in 2024 as needing $23.5 million of work, got under $800,000 in the five years before it closed. It is still closed today.5 Priorities are a choice, and council made the wrong one. Cookstown's main-street program still sits unfunded.6 Fix what we already own before building something new.
No resident tax dollars for the GO station
The Orbit station is now estimated at $140 million, there is still no final financing commitment from the Province or Metrolinx, and the County is studying a new charge to help pay for it.7 Developers promised to pay for it. Hold them to that promise. The cost should not be shifted onto your tax bill.
Answers on the sports complex
Residents were promised a new sports complex. In January, about $13 million for it was pulled from the 2026 capital budget pending the Official Plan review.8 Residents deserve a plain answer: what has been spent on this project so far, what the town owns for it, and what the plan is now. I will ask for those numbers at the council table. Anything the town already holds for this project stays a town asset; it does not get sold off at a loss.
What InnPower returns to you
Innisfil owns its own electricity company, and it started as Cookstown's hydro system in 1917. In 2025 InnPower took in $65 million and paid the Town a dividend of $500,000.23 That number is buried on page 17 of the Town's audited statements, and most residents have never seen it. You own this company. You deserve to know what it earns, what it pays the Town, what it owes, and whether you are getting full value for owning it. I will ask for those numbers at the council table.
The numbers behind that dividend are on the Ontario Energy Board's own scorecard. InnPower's total cost per customer has risen from $897 in 2021 to $1,340 in 2025, up about 49% in five years. Its debt-to-equity ratio is 1.59, above the 1.50 the regulator assumes when setting rates. Customer satisfaction has slipped from B+ to C+, and only 58.5% of calls were answered on time against a 65% target. In 2025 InnPower earned a 4.87% return on equity against the 9.21% it is allowed, outside the regulator's permitted range.27 Its next full rate reset, for January 1, 2029 rates, will be built during the next council term.28 That is when a councillor needs to be in the room asking why costs keep rising and what residents get for them.