Residents get early Christmas present
No tax increase for Bay Roberts taxpayers in 2010
Bay Roberts Mayor Glenn Littlejohn wasn’t wearing a Santa suit, but he handed out all kinds of goodies and gifts to residents of his town during an overview of the 2010 budget last week.
Littlejohn made the budget presentation during a Dec. 8 regular council meeting.
Highlights of the budget, which exceeds, $6,000,000, includes no increase in residential and commercial mil rates, and no tax increase of any kind for 2010.
“Our rate will remain at 8.75 per cent the lowest in comparison to communities of our size in the province,” said Littlejohn.
Members of Bay Roberts Finance Committee punched in many hours of behind-the-scenes meetings to hammer out the town’s financial plan that will guide it through its new fiscal year, but it took mayor Littlejohn only about 15 minutes to list out the highlights and accomplishments.
“Over the past 13 years, members of the finance committee have presented a balanced budget to council and 2010 is no exception,” said Littlejohn. “Our capital debt of $4.25 million is down from $7.5 million where it was just six years ago. This debt includes all outstanding loans such as our buildings, equipment, fire services and public works. There will not be any operational debt incurred again in 2010.”
Pointing out delivering a balanced budget always presents challenges, mayor Littlejohn said “growth continues to be a two edged sword bringing both revenues and expenditures for new infrastructure, human resources, equipment and the continued modernization of the town with sidewalks, curb and gutter. Our expenditures are accelerating each year by approximately half a million dollars, while revenue without substantial mil rate increases is only $100,000. However, our mil rate of 8.75 per cent is the lowest for a municipality of our size. We have been able to do this because some of our costs have been offset by increasing municipal assessments.”