Tony Rotherham, LJI

All members of council were present; 14 residents were in the audience.
The Mayor stated that the budget had been developed by all members of council and the municipal staff. Costs for services like snow removal and waste collection have increased by as much as 20%. Previous budgets were balanced by transfers from the accumulated surplus and revenue from the Welcome Tax. But property sales have dropped and the surplus fund is now at the level recommended for financial stability. The proposed increase of 25% in revenue from property taxes is partly due to the expected reduction in non-property tax revenues. Expenditure 2023 – $2,575,686; 2024 – $2,935,798. Details of the budget can be found on the West Bolton municipal website. The total value of property in West Bolton in the 2024-26 triennial roll has increased by 84% from 2023. The tax rate has been reduced from 0.53/100$ evaluation to 0.36$/100$, a reduction of 32%.
Expenditures have increased in administration, public safety, road maintenance, waste collection and snow removal. The 2024 Budget was approved.
The surprising increase in property values was the subject of detailed discussion during question period. The 84% increase in value is not evenly distributed. Some properties declined in value but most increased. It was said that the “assessed valuation” is not as important as “equitable valuation” so that all property owners pay their fair share of the tax load.
It is expected that the committee reviewing the future of the town hall will be able to report on their recommendations in February/March 2024.