No tax increases, new crossing guards and a roundabout: Paradise budget highlights
Deputy mayor says budget will be met without borrowing funds
Paradise Deputy Mayor Elizabeth Laurie says all of the initiatives in the town's 2020 budget will be implemented without borrowing money.
"While there may be a time when we need to borrow, our current fiscal needs are met within our current revenue sources," she told council on Tuesday evening.
Residential and commercial mill rates will remain at 7.2 and 11.5, respectively, and there will be no change to residential water and sewer rates. The budget also has several key upcoming initiatives:
- Design work for a roundabout at Kenmount Road and McNamara Drive.
- Improvements to the intersection of St. Thomas Line and Paradise Road.
- A partnership with the Aquarena to offer time slots exclusive to Paradise residents.
- Hiring of crossing guards for four elementary schools.
- The allocation of $400,000 to the Infrastructure Reserve Fund.
- The purchase of a property at 3 St. Thomas Line for $430,000.
The budget also announced the move from a per-unit rate to a mill rate structure for commercial water and sewer, with the mill rate being 1.0 in 2020.