Lunenburg: Town Projects Hold The Line Budget

The town of Lunenburg is projecting a hold the line budget with no tax increases for residents or commercial tax payers. Council has proposed to cut just over $218-thousand from its operating budget in order to balance the books. The reductions are necessary in order to maintain the tax rate because the town has taken possession of Lunenburg Academy. Mayor Laurence Mawhinney says it took some creative work on behalf on staff to make it work.

"The academy is projected to cost $177,000 during this fiscal year - between now and the end of next March - and that equates to around seven cents on the tax rate. Even with that additional responsibility, the projected budget would still bring us in with tax rates comparable to last year,"

The town seen considerable savings of $42,000 from its snow removal budget which provided a significant boost to their bottom line. Council will hold three public meetings on the budget next month and still need to approve.

Public budget meetings will be held May 1st at 5:15PM, May 8th at Noon and May 15th at 7:00PM