2019-2020 Budget Approved by Council
The Municipality of the County of Cumberland has approved its 2019/2020 operations budget in the amount of $30.41 million and its 2019/2020 capital budget in the amount of $7.6 million. Council’s approved 5 Year Capital Investment Plan totals approximately $16.4 million.
Council approved a 2¢ tax rate increase for all property owners, residential and commercial. Residents of Parrsboro will see an additional 2¢ increase to cover costs of streets and sidewalk maintenance. Sewer rates for rural users increased to cover operations and Parrsboro sewer rates increased to cover operations and for costs associated with the new system.
“The 2019/2020 operations budget now includes approximately $550,000 from general taxes to increase our reserve funds, moving them toward the standard recommended by the Province. Reserve funds are an important component of achieving financial sustainability,” stated Al Gillis, Warden.
The current budget maintains all existing programs and services.
“Council has done considerable work on its financial sustainability including a review of solid waste management, police services, fire protection services, the size of council, conversion to LED streetlights and other programs with the objective of reducing costs and being financially sustainable well into the future,” said Gillis.
Tax bills will be mailed May 31, 2019 with a due date of June 30, 2019.
To view the budget in full please click here.