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PETROLIA BUDGET PROPOSES 1% INCREASE FOR 2018


Posted: October 13, 2017

PETROLIA BUDGET PROPOSES 1% INCREASE FOR 2018

Petrolia – Senior staff at Petrolia Town Hall presented Town Council with a budget today proposing a modest 1% tax increase on the municipal portion of taxes for property owners.   This proposed increase speaks to the commitment of staff to work as efficiently as possible, and takes into consideration the proposed changes to minimum wage.  2017 saw a 1% increase on behalf of the municipal portion also.

Part of the 2018 Budget includes the proposal that sewer rates be reduced by 10%, and a further 5% in 2019.  Water rate increase will hold steady at a small proposed increase of 2%, which keeps Petrolia as the fourth lowest combined water/sewer rates in Lambton County.   This reflects a $2100 savings for the average household over 10 years. 

Staff proposed that capital expenditures of $1.612 million, including new wayfinding signs for Victoria Park, Victoria Hall maintenance on carpeting, HVAC maintenance, Fire Department radios, and a wood chipper, Phase Two of the Florence, Egan and Kerby Street road section, sidewalk repairs and road maintenance.

Mayor John McCharles said, “I am pleased with this budget, it’s a good budget.  We are not cutting services, and we are not increasing costs.  I want to thank staff for their work, I’m very satisfied.”  Other Councillors echoed their agreement regarding the proposed budget, Councillor Welsh said, “People are talking about the great things going on in Petrolia.” 

Residents are encouraged to attend the Public Budget Session during which staff will review the budget in detail and make themselves available to answer questions.  The session will be held on Monday, November 14 from 5:00 p.m. to 6:30 p.m. in the Council Chambers at Victoria Hall.