May 8, 2018 / For Immediate Release
BRIDGEWATER, NOVA SCOTIA – The Municipality of the District of Lunenburg approved the 2018/19 operating and capital budgets at its meeting on Tuesday, May 8, 2018.
The Municipality approved its annual operating budget with revenue of $29,991,200 and a surplus of $83,000. The capital budget is $12,818,400. This budget maintains the Municipality’s track record of strong financial management, while continuing to meet the needs of residents.
“This Council is dedicated to ensuring the Municipality is a place where people chose to live. Through the Budget process, Council must balance provincial and federal priorities, long-term initiatives, immediate needs and opportunities, and feedback from public engagement sessions. The information gathered informs Council’s strategic priority setting process, which in turn informed the Budget document preparation,” said Mayor Carolyn Bolivar-Getson.
“We have maintained the tax rate while investing in important projects such as expanding access to high speed Internet, moving forward with the LaHave Straight Pipe Replacement Program and the introduction of an innovative project around Lyme Disease that is comprised of an educational campaign and bait station research. We are also investing in the future with the design of a new municipal Administration building, funded through depreciation reserves. We are committed to using taxpayer dollars effectively and responsibly.”
The 2018-19 budget focuses on four key themes:
- Making Life Affordable–by maintaining the tax rates and providing tax rebates and other programs for residents.
- Building the Local Economy–through partnerships with the business community and initiatives such as high-speed Internet, investment attraction and agriculture.
- Protecting the Environment–through the LaHave River Straight Pipe Program and investments in wastewater treatment and floodplain mapping.
- Investing in our Community–by supporting a tick awareness campaign and bait station research program, and by providing various recreational opportunities across the Municipality through programming, parks and facilities.
The Municipality ended the 2018/19 fiscal year with a forecasted surplus of $1,306,000, which is the thirteenth consecutive year with an operating surplus.
Elana Wentzell, CPA CMA
Director of Finance and Municipal Treasurer
Municipality of the District of Lunenburg