Wednesday, May 29, 2013

Tax Rates Remain Status Quo In MODL

The mayor of the Municipality of Lunenburg calls it a budget with no surprises and continues to pay down the debt. Council agreed to hold the line on residential and commercial tax rates. The residential remains at $0.81 cents per 100 of assessment while the commercial rate stays at $1.95 per 100 of assessment. The residential rate stayed the same for the fourth year in a row while the commercial decreased by $0.10 cents last year. Don Downe says its a responsible budget.

The 2013-14 operating budget will be $28.3 million while the capital budget is $4.4 million. Capital projects for this year includes over $900,000 in sewer infrastructure and $200,000 to implement an active transportation plan. The municipality's CAO feels the budget meets their needs and sets the course for years to come.