Some welcomed news if you own a home or run a business within the Municipality of the District of Lunenburg.
No new taxes after council passed its budget on Tuesday night.
Residential tax rates sit at $0.81 cents per hundred of assessment while businesses are set at about $1.96.
Both of those rates have not changed in over a decade.
“Council has a 5-year financial strategy that guides all of our budgeting decisions. This has served MODL well; residential tax rates have not changed in 13 years while the commercial rate has remained constant for 10 years,” said Mayor Carolyn Bolivar-Getson. “This strategy allowed MODL to build its reserves and become debt-free while investing in important projects such as expanding access to high-speed Internet, the continuation of the LaHave Straight Pipe Replacement Program and significant investments in improving roads and our open spaces.”
MODL will have an operating budget over $35-million with a surplus of just under $12,000.
“In order to remain debt-free, MODL will continue to build our reserves to ensure that capital funding is available for upcoming projects to address climate change, sustainability, and improvements and construction of infrastructure to be able to service new development in Osprey Village.” said Bolivar-Getson
Major Capital Investment Summary by Category:
Climate Change Mitigation & Adaptation Projects $575,000
Paving Projects – Roads & Shoulders $595,000
Trail Development Projects $625,400
Corporate Infrastructure & Accessibility Projects $900,000
Economic Development Projects $975,000
Parks & Open Space Projects $974,000
Water, Wastewater & Environmental Protection Projects $4,253,100
Total $8,897,500
