The Municipality of Shelburne has approved their operating and capital budgets for 2013-14. Council members agreed to a $5.9-million operating budget and $2.68-million capital budget following their recent deliberations. Meanwhile, residents will continue to pay $1.28 per 100 of assessment for a tax rate while businesses remain at $1.82. CAO Kirk Cox says council felt strongly to keep the same tax rates.
Cox says the capital budget provides investments to key priorities including $440,000 for a wind turbine, over $190,000 for phase four of the sewage treatment plant, $200,000 for upgrades to the Shelburne medical clinic and over $1.2-million for industrial park development. He says the municipality also invested an additional $200,000 to five reserve funds for future operations. This total reserve amount is approximately $2.5-million.
