WOLFVILLE – Rental bylaws, Wolfville 125, paving the west end of Main Street and more economic development – these are some of the items from this year’s town budget in Wolfville.
Council announced March 20 it had approved the new $10.1 million operating budget, which contains items like a residential tax increase of just 0.58 per cent.
Businesses will see a drop in their commercial tax by 2.56 per cent, with a $3.57 per $100 of assessment.
Council also listed its priorities for the year, including:
- Celebrate Wolfville’s 125 years of incorporation with events and activities;
- Implementing a residential rental business bylaw;
- Continue work on the multi-year plan to mill and pave the west end of Main Street; and
- Shell out $128,400 in grants to various community organizations, among others.
The town is also emphasizing economic development, focusing on keeping support for the area’s booming food, craft brewing and wine industries, along with designs for better parking management for Wolfville’s downtown area.
The town also stated this marks the second year it has approached the budget process with a four-year operations plan in mind.
Mike MacLean, Director of Financial Services for the town, said council’s four-year plan is never set in stone, but rather a set of guidelines council looks to keep in mind while tackling budgets one year at a time.
“These are always based on projections, so we reassess every year, and always approve budgets on a one-year basis only,” he said.
