Archive for April 2016 | Monthly archive page
FOR IMMEDIATE RELEASE
April 12th 2016
Municipality of Marmora and Lake Approves 2016 Budget
Council of the Municipality of Marmora and Lake recently approved the 2016 municipal budget. The 2016 budget provides for a tax rate increase of 4.59%. The expenditures will total $9,595,300. (6,119,200 operating budget and $3,476,100 capital budget). For a home with an assessed value of $200,000, the tax will amount to an additional $6.32 per month.
After careful deliberation and considerable discussion, Council added $100,000 to the budget for a Hardtop Road Resurfacing Program, in order to extend the life of our road assets. This brings the expenditures for roadway improvements to $530,000 in 2016.
Some of the 2016 highlights include:
- $530,000 for road reconstruction, hard top and gravel program
- $350,000 for Town Hall renovations
- $800,000 for Crawford Drive water and sewer
- $285,000 for streetlight replacement program
- Accessibility upgrades
- Health services support
- Improvements at the Arena and other facilities
“The 2016 budget is a responsible budget that ensures Ratepayers will continue to receive quality municipal services at a reasonable tax rate” stated Mayor Clemens.
For more information contact:
Ronald F. Chittick, CAO
Municipality of Marmora and Lake