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HomeMy Public PortalAbout2013-05-12_2013-14_Budget PRESS RELEASE FOR IMMEDIATE RELEASE May 23, 2013 2013/14 MUNICIPAL BUDGET APPROVED MUNICIPALITY OF THE DISTRICT OF CHESTER – Just like last year, Municipal Council approved their Operating and Capital Budgets early, but getting there wasn’t easy. “Council made a commitment to lead our Municipality into a sustainable and prosperous future,” said Allen Webber, Warden for the Municipality. “We feel that we have established a foundation for that with this year’s budget.” Earlier this year, Council pledged their commitment through their Strategic Plan that concentrated on economic prosperity, improved service delivery and infrastructure , support for sustainable initiatives, and enhanced communications. A combination of maximizing internal efficiencies and sound financial investment in key projects will help the Municipality realize many of their goals in the short-term plus pave the way for their long-term priorities. Maintaining operations on less money is challenging enough, but add a multi-million dollar project and a multitude of progressive goals, and Council had their work cut out for them. With provincial property assessments on the rise, it’s a natural assumption that the Municipality benefits from the obvious tax revenue. This just isn’t the case. “Yes, the Municipality will collect over $240,000 in additional tax revenue this year due to increased assessment,” confirms Warden Webber, “but because the Province is also expecting municipalities to pay more for services, in reality we will only see a little more than $3,300 of that additional revenue.” It’s projected that the Municipality will collect $10,144,508 in property taxes this year. Of that revenue, $6,653,783 is remitted to the Province for education, protective services, and regional housing costs. With the remainder, Council has set a number of long- and short-term goals. In the short-term, Council and staff will focus on projects related to infrastructure improvement, such as repairing deteriorating equipment at all central sewer locations, continuing to improve trail surfaces , and giving attention to municipal public spaces. In addition, upgrades to infrastructure at the Landfill site will ensure continuity of service, including construction of a third landfill cell. Council has also made plans to improve municipal services by cross -training staff to close gaps and streamline service delivery, establishing partnerships to take part in regional initiatives like compost production and emergency measures, and completing ISO Certification to eliminate redundancy and increase workflow. Council and staff will actively work towards the goals that fit their mandate in the Integrated Community Sustainability Plan as well. Over the next year or so, the Land-Use By-law and Planning Strategy will incorporate guidelines for future developments that will protect vulnerable areas and help shape the Municipality of Chester into what the community and Council have envisioned. They have also made economic and environmental sustainability a long-term priority, identifying several key projects aimed at promoting growth in the Municipality. The biggest project, of course, is the large-scale wind-to-energy development at the Kaizer Meadow site, which is scheduled for completion in October. “This project will benefit our community by strengthening our financial and environmental sustainability,” Warden Webber pointed out. “The revenue will lessen our dependence on property taxes as the only means to support growth and development of our community and its long-term sustainability." The budget also provides for opportunities in economic development in hopes of promoting the Municipality and working with existing businesses. The residential tax rate was increased by 2¢/$100 of assessment and the Commercial tax rate decreased by 1¢ making it $1.53¢/$100 of assessment. Altogether, this is equivalent to $257,808 of tax revenue. For more budget highlights and to view the budget in its entirety, please visit www.chester.ca or contact the Municipal Office at 902-275-3554. -30- CONTACT INFORMATION: Jennifer Veinotte, Communications Officer Municipality of the District of Chester (902) 275-3554 phone (902) 275-4771 fax jveinotte@chester.ca