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Village Approves 2011/12
Operating and Capital Budgets
On Thursday May 12, the Village Commission
approved the village's 2011/12 Operating Budget
in the amount of $1,181,100 and 2011/12 Capital
Budget in the amount of $332,000. These
approvals will reduce the Residential Tax Rate
by 9/10th of one cent (from 31 cents per $100 of
assessed value to 30.1 cents) or 2.9%. The
Commercial Tax Rate remains the same at 40 cents
per $100 of assessed value.
Operating Budget
The total operating budget totals $1,181,100 for
general operations and sewer.
The budget provides funding to maintain existing
services and programs, along with several new
initiatives the Commission will deliberate on,
including:
• a commitment to reduce the residential tax
rate by 9/10ths of one cent or 2.9%. This will
offset the tax increase caused by assessment
adjustments of 2.9% that most homeowners
incurred. The impact of this adjustment will
ensure that if the Commission achieves a
zero-rate increase, this will result in a
zero-tax bill increase to residents.
• increases in grant revenue received from
partners to operate the
library and visitor information centre
• request to allocate funds for a new seasonal
public works position
• funding for decorative elements, such as
banners and winter decorations
• bike racks at village parks and downtown to
promote physical activity
Sewer Rate
The approved sewer rate increases $6.12
(from $279.10 to $285.22) for a single dwelling,
and increase 2.2% for other rate (commercial
charges or vacant lot fees.) The rate is mainly
under pressure due to significant increases in
utility costs, environmental compliance and
capital investment requirements and needs to be
increased to meet these needs.
Capital Budget
The 2011/12 Capital Budget and 4-year forecast
was also presented. The proposed budget for this
year totals $332,000 and is funding through the
current tax rate without adding new debt to the
village. Proposed capital projects for this year
include:
• Lift Station Repairs - $20,000 – general
upgrades and major repairs at lift stations
• Collection System Repairs - $25,000 – repairs
and upgrades to village sewer pipes
• STP Generator - $42,000 - purchase of
emergency backup generator at treatment plant
• Clarifier Repairs - $30,000 – replacement of
components and hardware on clarifier that have
reached their useful lifespan
• Balser Drive Sidewalk – Phase I - $60,000 –
amounts for planning, surveying and design work
• Sidewalk Repairs and Upgrades - $75,000 –
rehab sections of existing sidewalks
• Crosswalk – Main Street & Park Road - $40,000
– installation of controlled crosswalk
• Parking Improvements at VIC - $40,000 –
project that will improve parking, access and
trail at the VIC
If you have any questions regarding the budget, please contact the village office
at
treasurer@kingstonnovascotia.ca or at
765-2800.
Economic and Budget Update - March 10, 2011
Budget Presentation - April 14, 2011
Budget Presentation - April 28, 2011
Budget Presentation - May 12, 2011
Approved 2011/12 Operating and Capital Budget
March 10, 2011 - Presentation - Economic
and Budget Forecast
April 14, 2011 - Village Commission
Meeting @ 7:00pm
• Budget released to Commission and
public
• Budget presentation
• Budget distributed to stakeholders
April 28, 2011 - Budget Meeting @ 7:00pm
• Public input
• Budget deliberations
May 12, 2011 - Village Commission
Meeting @ 7:00pm
• Budget deliberations
• Budget approval
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