Town of Oromocto Council passed its 2018 Operating and Water and Sewer Utility Budgets on Thursday, 14 December 2017. The budget priorities identified were two-fold: (1) fund existing annual maintenance costs and (2) save for major building replacements.
Council will need to spend approximately $37 million dollars on new building replacements within the next 20 years. The major building replacements include $7m for public works buildings (2017/18), $10m for a community center and library (2020), $15m for an arena (2025), and $5m for a fire station (2030).
General Operating Budget Distribution
The General Operating Budget for 2018 is established at $17,912, 636, an increase of 1.1% from the 2017 budget. The Town’s Community Funding Equalization Grant for the Province of New Brunswick has increased by 9.5% to $561,738.
The 2018 property tax mill rate will remain at $1.3851, which has been the same since 2015.
The two areas identified for road re-paving in 2018 are Saint Lawrence Avenue between Restigouche Road North and Miramichi Road, and Huron Street.
Capital Budget(s) Distribution
Capital spending for 2018 totals $2.1 million. Some of the major items include:
On the water and sewer utility side, there will be no change to water and sewer rates for 2018. The utilities capital budget of $1.2 million will be spent on water main replacements, panel and pumps replacements in two sewage lift stations and the installation of scrubbers in a third lift station. In addition there will be upgrades to residential and commercial water meters to allow for remote reading.
The Town of Oromocto is pleased to share with you its feature from the
"Insights with Terry Bradshaw" television program.
