Kensington holds the line on property tax rates

Mike Carson
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KENSINGTON – Kensington Town Council is holding the line of property tax rates and residents will see no change in sewer and water charges in 2014.

Deputy Mayor Rowan Caseley

 

Town council officially approved its 2014 municipal budget Monday night and it’s a document that sees little change for 2013

“Basically, it’s a hold the line budget,” said Deputy Mayor Rowan Caseley, chairman of the finance and administration committee. “There are no major changes. Our capital expenditures, we’re basically, what we were last year. All the other expenditures, all we’ve done is allow for wage increases as per contract. Everything else is pretty much the same.”

Caseley said the town could use more money for capital improvement projects.

“If we had more money, we’d like to put more money into street repairs,” he said. “We’ve only got $30,000 in the budget for that. We’re hoping we can do a minimum amount. Sidewalks are another one that we’d like to more repair but we’re limited in what we can do. We have to have a balanced budget every year. We’re not allowed to deficit budget. We do what we can but streets and sidewalks are one of the big things that are taking more and more money every year, it seems.”

The town has budgeted $200,000 for capital expenditures for 2014 which include replacing road signs coming into town; replacing the sound system in Community Gardens Complex; engineering to address the flooding issue at Maple and Broadway; a new public works truck; and landscaping warehouse property. These projects would account for an estimated $123,000 of the $200,000.

Caseley despite the status quo budget, the town has been successful in dealing with its long-term debt. He said in 2013, council was able to reduce bank loans by $428,005.

 

Budget Highlights:

 

1. To approve the Town of Kensington 2014 Budget Estimates with revenues of $2,159,207 and expenses of $2,159,207.

2. To approve the 2014 municipal tax rate for the Town of Kensington of $0.55 / $100 of

assessment for non-commercial properties and $1.30/ $100 of assessment for commercial properties.

3. To approve an operating line of credit of $325,000.00 for fiscal year 2014 from the

Scotiabank for the General Account. Any two of the mayor, town manager and deputy administrator are authorized for signing authority.

4. To approve an operating line of credit of $160,000.00 for fiscal year 2014 from the

Scotiabank for the Water and Pollution Control Corporation. Any two of mayor, town manager and deputy administrator are authorized for signing authority.

5. To approve the 2014 Water and Pollution Control Corporation Budget Estimates with

revenues of $530,670 and expenditures of $530,670 and to leave the charges for sewer and water at their current rate.

mcarson@journalpioneer.com

 

Organizations: Town council, Scotiabank, Town of Kensington 2014 Budget Estimates Control Corporation Water and Pollution Control Corporation Budget Estimates

Geographic location: Kensington, Community Gardens Complex, Broadway

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