May 10, 2022 / For Immediate Release
MUNICIPALITY OF THE DISTRICT OF LUNENBURG, NOVA SCOTIA – The Municipality of the District of Lunenburg approved the 2022/23 operating and capital budgets at a Special Meeting on Tuesday, May 10, 2022.
The Municipality approved its annual operating budget of $35,604,600 with a $11,700 surplus. The capital budget and gas tax investment totals $8,897,500. This budget continues the Municipality’s track record of strong financial management, while continuing to meet the needs of residents.
“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. 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.”
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|
Read the Budget document and the Budget highlights at: www.modl.ca/Budget.
Elana Wentzell, CPA CMA
Director of Finance and Municipal Treasurer
Municipality of the District of Lunenburg