Municipality of Colchester Approves 2019-20 Operating Budget
- Category: Media Releases
- Published: Friday, 26 April 2019 12:10
After careful scrutiny, the Municipality of Colchester has approved the 2019-20 Operating Budget at its Council Meeting on the 25th of April.
Council’s aim was to achieve a balanced budget that affords delivery of excellent municipal services while investing in reserves, as well as in many community organizations and events. This has been accomplished.
Colchester enjoys one of the lowest rates of property tax in rural Nova Scotia. This budget affirms that status with a ½ cent increase to the residential tax rate. This amount will result in an additional annual charge of $5.88 for residential property owners with properties of average assessed value. Properties valued higher, for instance, at $200,000, will see an increase of $10 on their annual bill.