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.
4 Doyle Drive, Oromocto NB E2V 2V3