Tuesday, April 29, 2014

Bridgewater Passes 2014-15 Budget

A challenging budget has passed in Bridgewater. The town decided to hold the line on their residential and commercial tax rates at $1.65 and $3.99 per 100 of assessment respectively. Council also chose to make a debt payment of $1.2-million, to move ahead with the first phase of repaving Dominion Street from High Street to Forest Hill and keep the Memorial Arena open for at least one more year. Mayor David Walker says there is work to do for the future.

Deputy Mayor Bill McInnis and Councillor Jennifer McDonald voted against the budget, both voicing concerns about keeping the Memorial Arena open. McInnis feels there are other arenas in the local area that could be utilized.

Bridgewater's capital budget is just over $2-million while their operating budget is over $18.5-million.