SHERBROOKE – Taxes in the Municipality of the District of St. Mary’s will go up this year by two cents for both residential and commercial properties. On Wednesday, May 18 council passed the 2016 – 2017 budget setting new tax rates at $0.89 per $100 of assessment for residential rate payers and $2.20 per $100 of assessment for commercial rate payers. Water and sewer rates remain unchanged at $205 per unit. Warden Michael Mosher said the tax increase will bring an additional $34,000 into the municipal revenue stream.
Spending this year includes provision for an economic development office. Mosher said, “Council has decided to put an emphasize on economic development. In any municipality there is always that look to increase the tax revenue and we’re going to hire an economic development officer to help us in that task. Over the last year we have been developing and implementing a new strategic plan in the municipality, which involved community consultation, with the intention of identifying options for future development in the municipality.”
Compensation and honorariums for the warden and council were also reviewed with no change in the monies allotted.
The overall budget is $3.1 million, 83 per cent of which is generated through property taxes.
|Low Income Exemptions||$5,800.00||$5,500.00|
|Community Hall Tax Exemptions||$37,000.00||$42,000.00|
|Grants to Fire Departments||$49,322.00||$49,322.00|
|Fire Department Training Grants||$2,600.00||$2,700.00|
|District Grants to Organizations||$21,000.00||$8,500.00|
|General Government Grants to Organizations||$15,200.00||$12,500.00|
|Total Municipal Grants||$133,922.00||$133,522.00|