In reference to the budget approval, the CAO noted that “this is the second year that the Town has endeavoured to provide a comprehensive four-year budget and Operations Plan” and that “the 2018/22 Operations Plan will build on the successes and initiatives of the 2017/18 Fiscal Year and will ensure continued accountability and transparency related to operational activities”. The plan will be updated/amended annually during the budget process which will assist Council in prioritizing and planning various services intended to benefit the community. Council has once again managed to maintain and enhance its commitment to major infrastructure projects, while at the same time increasing the capacity for community infrastructure and programming. Key to this will be the celebrations throughout the year to mark the 125th anniversary of the Town’s incorporation.
The approved residential tax rate of $1.46 per $100 of assessment means that 89% of residential accounts will, on average, see an increase of 0.58% which is less than the 2017 cost of living increase of 1.1%. The majority of remaining accounts relate to new construction/major renovation. The operations budget continues, and in several areas enhances, Council priorities for the community. In 2018/19 the Town will:
The commercial tax rate of $3.57 per $100 leaves 50% of commercial accounts paying, on average, 2.56% less than previous year. Another 25% of accounts will see, on average, an increase of only 0.28%. Economic development continues to be a priority for Council and this year’s pan includes a number of projects/initiatives in support of this priority, including:
The Capital Budget continues Council’s focus on improving the basic street infrastructure as well as, community parks and amenities. Two residential streets are scheduled for infrastructure renewal; Gaspereau Avenue storm sewer upgrades, and Kent Avenue rebuild. Community Infrastructure projects include continued upgrades to Evangeline Park and year one of a multi-year enhancement to the East End Gateway. Year one of the East End Gateway includes expanding, milling and paving of the parking lot across from Willow Park. Overall, $3.48 million in capital projects are planned for 2018/19 as part of the Town’s ten year capital investment plan which totals over $34.03 million.
The complete 2018/19 Operations Plan will be available on the Town of Wolfville's website at www.wolfville.ca.
For Additional Information Contact:
Erin Beaudin, CAO
Mike MacLean, Director of Financial Services