Minnedosa approves new budget
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- Published on Thursday, May 10, 2018
Photo by Christine Waddell
Minnedosa鈥檚 new medical clinic dominates the skyline above the town sign.
By Eoin Devereux
Neepawa Banner & Press
Minnedosa has finalized the numbers on its new financial plan.
Council reviewed and then approved the document on Tuesday, May 8. The annual operating budget for this year will be $4,593,813.70. That鈥檚 a decrease from the $5,033,807.95 that was budgeted in 2017, though the actual spending last year was only $4,519,834.86
The 2018 budget has set aside a total of $857,000.00 for capital expenditures, including a combined $255,000 for several road repair projects. Those specific upgrades include; Main Street South ($85,000), 5th Ave. S.E. ($80,000) and 2nd Ave. N.W. ($90,000). Other notable budget expenditures for this year include $185,000 to the Primary Care Clinic, $130,000 for upgrades to Victoria Bay main and service lines and $100,000 for arena repairs. A wide array of smaller projects are also receiving support.
As for the impact to property owners, the average reassessment rate will be 3.7 per cent. It鈥檚 expected that about 60 per cent of residents鈥� reassessment rate will be less than that number, which means they should be paying less on their taxes. For the remaining 40 per cent of property owners, the tax rate may increase, but should only go up by small portion. The exact amount will vary on a case by case basis.
Minnedosa mayor Ray Orr said this is a responsible budget.
鈥淲e鈥檙e trying to be responsible with our spending, while still doing everything we can with what we鈥檝e got. One of the things you always find is that there鈥檚 lots of things to do and not enough money to do it. We鈥檙e the same as everybody else in that regard, but we鈥檒l trying to do the best we can and keep the town moving forward,鈥� said Orr.
