by Vance Gutzman
Deep River’s budget picture is looking a little brighter, although the final results are still not in focus.
Deep River’s finance and administration committee was slated to meet last night to discuss ways of paring down the proposed tax hike for 2019.
As previously reported, the draft budget presented to town council in December contained a 5.2 per cent increase in the town’s property tax levy.
Council directed staff to refine the proposed operating and capital budget to be more in line with an increase equal to the Consumer Price Index (CPI).
The town’s treasurer, Nadeem Dean, took that directive and ran with it, and has come back with some revised numbers.
The initial 5.2 per cent tax increase stemmed largely from the fact the town’s overall proposed operating expenses increased by 5.85 per cent from 2018.
The revised budget that was on the finance committee’s table last night contained a number of recommendations which culminated in a 2.62 per cent decrease of those expenses, from $7,246,590 to $7,067,025.
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