Residents’ concern causes council to re-work budget figures

Eric McCarthy
Send to a friend

Send this article to a friend.

Bottom line and taxes remain the same

TIGNISH -- Tignish Community Council had to recess its annual ratepayers meeting for about 15 minutes Monday night while they came up with new budget figures that residents could accept. 

Ten ratepayers and nine non-residents joined councilors for the annual meeting.

Ratepayers had balked at a budget that failed to provide a grant to the Tignish Credit Union Arena. So council returned to the meeting room with the same bottom line, but with $7,000 in the budget for the arena. In changing the numbers, though, council whittled $12,000 away from street maintenance, leaving that budget line with just $8,000. During the break council decided to increase the capital expenditure for the recreation department to $15,000 from $10,000 to allow for the purchase of playground equipment for Bicentennial Park, thus the other $5,000 pulled away from street maintenance.

Finance chair Ed Gallant brought in a balanced budget with expenditures and revenue both coming to $500,900.

Council showed a $29,052 for the year ended December 31 with all of the shortfall related to depreciation. Depreciation for the fire department alone was $36,958.

The tax rate for the community remains unchanged for 2014 at 57 cents per $100 assessment for non-commercial property and $1.00 per $100 assessment for commercial property. Taxation is projected to provide the community with $220,000 in revenue. Equalization payments will add $163,000 and fire dues will provide $105,000. 

Organizations: Tignish Credit Union Arena

Geographic location: Bicentennial Park

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments