The Municipality of Shelburne has approved its operating and capital budget for the 2014-15 year and has announced the residential tax rate will go down 2 cents per $100 of assessment.
“Council was very pleased we were able to do that,” said Roger Taylor, warden for the MOS. “It is always a balancing act to do the budget and come up with the funds to fulfill our priorities.”
Major highlights of the budget include a total operating budget set at $5,900,000 assessment is $1.26 per $100 and there will be no increase to the commercial rate of $1.82 per $100.
The municipality has committed to invest in various local groups and projects including:
Tourism and Museums $53,000
Economic Development $110,000
Physician Recruitment $40,000
Grants to Community Groups $75,000
Community signage project $35,000
District School Board $1.1 million
Total Capital Budget of $2,012,500
Initial stages of 800KW Wind
LED Street lighting analysis
Continuation of Shelburne Industrial Park Project
Budgeted contribution to reserves of $200,000 to continue with council's efforts to protect the Municipality from unforeseen circumstances.
Warden Taylor said the Shelburne Industrial Park’s construction is almost complete and they will use the funds to promote the land for business development.
The 800 kw wind project is under analysis and the municipality is eying West Green Harbour’s recycling depot as a possible location to put the wind turbine.