Budget 2018 was approved at Tuesday's (December 12) council meeting with good news for taxpayers.
The $75,952,471 operating budget comes $1,393,250 thinner, after a number of trimming efforts from council and administration.
"We have five new councillors this term that really came together," said councillor Ed Sperling. "Administration stepped up when we said we need to do better, we need to find more and it was really a team effort in terms of how this turned out."
The cuts include:
- $250,000 from snow removal
- $200,000 from the traffic safety program
- $150,000 from electricity
- $100,000 from natural gas
- $23,000 from advertising
- $20,000 from contracted services and contingency funds
- $17,000 from the telephone system
As a result of the savings found, residents with a property valued at $400,000 will save roughly $5.39 compared to 2017. Non-residential properties valued at $1,000,000 will save $23.59 on their municipal property taxes compared to 2017. The rates will be finalized in April.
"Through our deliberations, we were able to reduce our operating costs to take care of that and add additional dollars."
Council's capital budget, used for maintaining fixed assets like land, buildings and equipment, was established at $11,009,050.