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Thursday, February 21, 2019

Kincardine Council Approves 2019 Budget

Kincardine | by John Divinski  

Residents will see a 2.41% hike.


Kincardine's 2019 budget has formally been passed.

Treasurer Roxana Baumann says when you blend in the municipal, Bruce County and Board of Education budgets, taxpayers are looking at an increase of 2.41% over 2018.

Baumann says for the average property assessed at $270,000, it will mean an increase in taxes of $80 a year.

For most Kincardine residents, even if their home doesn't change in assessment from last year, it will still mean an increase in taxes this year.

After the budget bylaw was passed at February 20th's regular council meeting, Mayor Anne Eadie says Kincardine is a growing municipality and with that, comes increased costs to maintain services and with all things considered, she believes council did pretty well.

The mayor says a major commitment in the 2019 document is developing another phase of the Highways 9 and 21 business park.

Eadie says they need to put in water and sewer infrastructure at the location and she hopes there will be a federal/provincial grant to help out with costs.

She says in the meantime, they are borrowing externally for much of the project but will apply their Ontario Power Generation hosting agreement money of $450,000 to the project as well.

The entire project is estimated to cost just over 4.2-million-dollars.

Eadie suggests there are new businesses waiting to locate at the park once infrastructure is in place.

She would not name the interested new businesses.

The 2019 Kincardine budget was unanimously passed by council in a recorded vote.

 

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