At a meeting of the Kensington Town Council, held on February 11, 2013 Council adopted its 2013 Municipal Budget. Deputy Mayor Rowan Caseley, Chair of the Finance and Administration Committee presented the budget and outlined its contents. Deputy Mayor Caseley noted that revenues and expenditures for 2013 will exceed $2 Million dollars for the first time. The Town is projecting revenues and expenditures of $2,104,798.00. Highlights of the budget include:
- No new taxes or increase to existing tax rates.
- Continuation of the Town’s Residential Tax Incentive Policy.
- Incorporation of the Community Gardens Complex into the Town’s operations.
The non-commercial and commercial property tax rates remain unchanged at $0.55 per $100 of assessed value and $1.30 per $100 of assessed value respectively. The Kensington Water and Pollution Control Corporation operating budget was also approved on February 11th with a projected balanced budget of $523,110.00.
Mayor Gordon Coffin noted that Town Council approved what he believes to be a fiscally responsible budget. “2012 was another difficult year economically for the Town; we continue to strive to meet current challenges without mortgaging away our future.” He added “The 2013 budget maintains current service levels in all areas and endevours to improve in others. It is becoming increasingly difficult for the Town to maintain its current property tax levels while continuing to strive for improvement in its standard of municipal service delivery and quality of life for its residents.”
The Town’s operating and water and sewer budget estimates will be posted on the Town’s website over the next couple of weeks. Copies of the budget are also available at the Town Hall located at 55 Victoria Street East.
For More Information Contact:
Mayor Gordon Coffin
Town of Kensington
55 Victoria Street East
Phone: (902) 836-3781
Download the Town of Kensington Budget 2013.