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Wednesday, January 8, 2014

Quispamsis Tax Rate Rising This Year

The tax rate for the town of Quispamsis going up with councillors giving this year's budget their seal of approval. 

Residents will be paying 1.85 cents more this year for their taxes than they were last year, but Councillor Lisa Loughery says that's still one of the lowest rates in New Brunswick. She also points out they were able to maintain the previous rate for the last eight years. Councillor Kirk Miller estimating the average taxpayer will pay about five dollars more in 2014.

Mayor Murray Driscoll says the increase is because council wants to keep the debt-cost ratio down, and make sure the town is in good financial shape in the future. He says growing their finances is the way to keep spending under control.

Almost $1.5 million going towards fixing and paving parts of streets including Pettingill Road, Hammond River Road and Millenium Drive. $100,000 dollars going to local improvements, storm sewer work and traffic calming. The town seeing a cut of more than $147,000 dollars in unconditional grant money this year from 2013.