Municipal councillors in Inverness County have decided to use surplus funds to offset a budget
deficit.
During yesterday’s regular meeting of Inverness Municipal Council, Property Valuation Services confirmed that residential assessments have increased by 2.59%, while commercial assessments have declined by 0.43% from last year.
Director of Finance Tanya Tibbo told council there will be no contributions to the Strait Area Pool, nor to the Allan J. MacEachen Airport this year, and the operating budget does include $57,000 for traffic control to be conducted by municipal employees.
Tibbo said Inverness County is looking at a shortfall of $105,786 in wastewater operations and she received council’s approval to increase the area rate by 3.3 cents in serviced communities.
To pay-off the deficit of $229,736, which includes that hike to area rates, Tibbo also had council agree to use funds from the previous year’s surplus