The Town of Kensington has passed its 2013 municipal budget.
The town is projecting a budget of $2,104,798. This is the first time in its history that the town’s revenues and expenditures will exceed $2 million.
Some of the highlights from the budget including: no new taxes or increases to existing tax rates, continuation of the town’s residential tax incentive policy and incorporation of the Community Gardens Complex into the town’s operations.
In a press release, Mayor Gordon Coffin wrote that the town had passed what he believes to be a fiscally responsible budget, despite some significant challenges.
“2012 was another difficult year economically for the Town; we continue to strive to meet current challenges without mortgaging away our future,” said Coffin.
“The 2013 budget maintains current service levels in all areas and endevours to improve in others. It is becoming increasingly difficult for the town to maintain its current property tax levels while continuing to strive for improvement in its standard of municipal service delivery and quality of life for its residents.”
For the full budget story, see Saturday's Journal Pioneer.
