Successful Second Session of Budget Deliberations in Petrolia

Posted: January 8, 2019

Successful Second Session of Budget Deliberations in Petrolia

 Petrolia, ON –Council of the Town of Petrolia deliberated the draft 2019 budget in a second session held last night at Town Hall.  The proposed budget would see a proposed 1% increase to the Municipal portion, and a proposed 5% reduction in sewer costs, with a proposed modest 2% increase to water rates.  The evening session concluded with Council providing direction to staff to amend the 2019 draft budget to reflect the following:

a)       Remove the proposed $25,000 Capital expenditure for Council Meeting Recording;

b)      Remove three proposed Capital expenditures in reflection of the Crosswalk Study that would have seen a lighted crosswalk at Kerby Street for $40,000; a lighted crosswalk at Queen Street for $40.000; and to upgrade the lit crosswalk at Greenfield Street with a traffic box for $42,000.  This decision was made largely due to Council wanting public input and feedback through public open houses and surveys before a decision is made;

c)       The Heritage reserve fund of $8341.00 to remain in Heritage Reserves; reversing a decision made on December 18, 2018 that would see the funds transferred to façade improvements.  These reserve dollars are the result of committee fundraising projects;

d)      The Library Reserve account be moved in to the Capital Reserve Account; 

e)       Staff to do more research into the Capital expense to replace the backhoe, with Council receiving a report regarding potential service hours remaining, potential trade-in credit and cost to perform required repairs;

f)        Water Treatment Plant Repair and Maintenance Budget be reduced to $3000;

g)      Booster Building Repair and Maintenance Budget be reduced to $5000.00;

h)      Public Works Capital budget increase by $25,000.00 for Compost/Transfer Station;

i)        Street Light Operating budget be reduced to $70,000.00 due to cost savings from LED lighting initiative;

Mayor Brad Loosley said, “This has been a very good learning opportunity for Council, and I would like to thank staff for their time and efforts in preparation of the budget and for answering our questions.”

A public open house is planned for January 14, 2019 at 6:00 p.m. at Town Hall, Petrolia, where all are welcome.  Staff plan to bring the proposed 2019 budget to Council for final approval on January 28, 2019 at the regular session of Council at 7:00 p.m. at Town Hall.