The Municipality of the District of Lunenburg approved the 2024-25 operating and capital budgets at the Tuesday, April 9 Council meeting.
“We recognize that this is a very difficult environment for lower-income property owners,” says Mayor Carolyn Bolivar-Getson. “Council significantly increased the Property Tax Rebate and expect many more homeowners to benefit from this rebate than in previous years. Increasing the rebate amounts and thresholds will result in an estimated return of $753,400 to the residents who need the relief the most.”
The Municipality approved its annual operating budget of $44,691,400 with a $27,000 surplus. The capital budget and Canada Community-Building Fund investment totals $11,595,536. This budget continues the Municipality’s track record of strong financial management, while continuing to meet the needs of residents.
“The commercial and residential tax rate remains unchanged in this budget for the 14th year in a row,” says Mayor Carolyn Bolivar-Getson. “Council has a 5-year financial strategy that guides our budgeting decisions. This strategy continues to allow us to make significant capital investments in our four major areas of priority: Osprey Village Growth Centre, improving our current parks and open spaces, executing on our Climate Change Action Plan, and developing a comprehensive Municipal Planning Strategy.”
Major Capital Investment Summary by Category
| Osprey Village Growth Centre | $5,325,000 |
| Other Infrastructure Projects | $1,489,000 |
| Re-Create Parks | $1,330,000 |
| Water and Wastewater Projects | $1,375,000 |
| Recreation Infrastructure Projects | $1,241,536 |
| Climate Change Mitigation and Adaptation Projects | $835,000 |
| Total | $11,595,536 |
Read the pdf Budget Highlights (152 KB) .
Watch the Budget meeting on YouTube.
-30-
Media contact:
Elana Wentzell, CPA CMA
Director of Finance and Municipal Treasurer
Municipality of the District of Lunenburg
(902) 541-1322 This email address is being protected from spambots. You need JavaScript enabled to view it.