The town of Bridgewater is considering lowering its residential and commercial tax rates. Council discussed the option Monday night during the first of three budget meetings. The option would decrease the residential rate from almost $1.67 per 100 of assessment to $1.65. It would also drop the commercial rate from $4.05 to $3.99. Councillor Bill McInnis proposed the idea. He says it would be a step in the right direction.
"Will this be the cure for bringing business to the town of Bridgewater? Probably not. But at least we'll be able to say we're moving in the right direction and I'd like to see it move a lot further. Our town has seen significant growth over the last five, six and seven years and I think it's time we pay back a little dividend to the business sector, as well as the residents in our town."
The public will have another chance to have their say on the proposed budget May 7.
