The Town of Placentia adopted its 2014 municipal operating budget on Dec. 17 and the future looks bright for the community.
Coun. Dan Greene, chairman of the finance committee, brought down the budget, which tops out at some $4.2 million.
© Photo by Nicholas Mercer/The Compass
The Town of Placentia.
"We are pleased to advise that due to our diligence and sound fiscal management, we will not be increasing taxes this year," Greene said in his address.
Although property values in Placentia have increased by 23 per cent, the council decided against raising its mill rate and left it at 8.5 mils.
To find out what you'll be paying in taxes in the new year, take the value your property has been assessed at, multiply it by the new mill rate and then divide that number by 1,000.
The town has eliminated the poll tax for this year, while add a water meter tax to be administered should the need arise.
Greene noted expenditures for the 2014 budget have increased by some $140,000 "due largely to labour costs, community initiatives and fiscal responsibilities."
One of these community initiatives is the $35,000 allotted for community events being held in the town square aimed at encouraging tourism and cultural growth.
As one of the earliest French settlements in Atlantic Canada, the community has plenty of culture to offer tourists.
Perhaps one of the bigger parts of the budget is the additional support earmarked for the Placentia Volunteer Fire Department.
"In recognizing the value of our fire department and in recognition of their efforts, council has increased the stipend paid to fire fighters by 20 per cent," noted Greene.
As it stands with the budget, fire fighters will receive $27,270 divided amongst them, while the fire chief will receive &2,911.
The town has also put aside $9,000 for training. There is also an increase to the operating budget for the department by 12.5 per cent or $90,652.
Placentia was recently struck by a storm surge that caused considerable damage to the town's boardwalk, as well as other damages.
"Talks are underway with engineers and all levels of government as to how best to repair and strengthen against future storms," said Greene.
Placentia has committed to purchase a generator for the town hall as well.
Other highlights from the 2014 budget include:
° $70,000 for an engineering study for improvements to water quality in Dunville and Freshwater;
° $12,500 contribution to recreational equipment upgrades such as playground equipment and a skate park;
° Pavement recapping program will continue in the spring with an additional lift of pavement being applied to Prince William Drive and Blockhouse Road;
° Council remuneration of $45,675;
° $187,977 for snow clearing;
° $429,900 for garbage collection and disposal.
"I would like to thank the other members of the finance committee and management and staff for their hard work and dedication to preparing this balanced budget," said Greene.