Monday, October 31, 2011

MODL Approves 5 Year Capital Investment Plan

The Municipality of the District of Lunenburg has approved a five year capital investment plan through 2017. Deputy-Mayor Lee Nauss says there's over 2.3 million dollars worth of projects planned for next year and Council has not included any borrowing for any of the projects. He says they plan to do it all out of revenue or existing monies.  An agreement regarding the transfer of federal gas tax monies requires municipalities to prepare and submit a 5 year capital budget each year.