May 9, 2017 / For Immediate Release
BRIDGEWATER, NOVA SCOTIA – The Municipality of the District of Lunenburg approved the 2017/18 operating and capital budgets at its meeting on Tuesday, May 9, 2017.
The Municipality approved its annual operating budget with revenue of $29,342,800 and a surplus of $118,000. The capital budget is $3,454,500. This budget continues the Municipality’s track record of strong financial management, while continuing to meet the needs of residents.
“This Council had a strong, unified focus to ensure our budget reflects the needs and priorities of our residents and businesses,” said Mayor Carolyn Bolivar-Getson. “We maintained the tax rate while bringing in service improvements and investing in important capital projects our residents require. We are committed to using taxpayer dollars effectively and responsibly.”
The 2017-18 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 Investment Attraction, High-Speed Internet, Agriculture and the Regional Enterprise Network
- Protecting the Environment–through investments in wastewater treatment, floodplain mapping and the LaHave River straight pipes initiative.
- Investing in Recreation and Community–providing various recreational opportunities across the District through programming, parks and facilities.
The Municipality ended the 2016/17 fiscal year with a forecasted surplus of $353,000, which is the twelfth consecutive year with an operating surplus.
Elana Wentzell, CPA CMA
Director of Finance and Municipal Treasurer
Municipality of the District of Lunenburg