Bridgewater Lowers Tax Rate, Approves 2012-13 Budget

The tax rate is going down in the town of Bridgewater. Council lowered the residential rate from almost $1.67 per 100 of assessment to $1.65 and dropped the commercial rate from $4.05 to $3.99. Members also gave thumbs up to a capital budget of just over $2.8-million and a balanced operating budget of over $19.5-million. Mayor Carroll Publicover calls it a responsible budget.



Council voted 5-1 in favour of the budget. Jim Bell voted against, saying he couldn't support taking money out of reserves to balance the operating budget.