The City of Corner Brook brought down its 2020 budget this evening. The budget focuses on economic development, fair taxation, tourism, infrastructure and wellness.
Total spending in the 2020 budget is $36,558,400. This represents an increase of just $810,500 or 2.27% over our 2019 budget. This is approximately the same as inflation. Increased costs associated with additional Capital Accounts for $265,200 or 33% of this budget increase.
The City’s debt servicing costs have been reduced to under 14% of total annual expenditures.
- The elimination of the poll tax. This “double tax” unfairly targets young people and those with low income and it is an administrative burden to small business.
- Despite climbing costs, City Hall is holding the line on all tax rates. There are no increases in tax rates and levies.
- Investments in road maintenance, including more curb, faster water cut repairs and new sweeper equipment.
- Substantial investment in tourism—the City of Corner Brook will invest in STAR recommendations.
- The City will purchase and operate the Mill Whistler road train on a permanent basis.
- Increased investment in community gardens, playground equipment and wellness programing for seniors.
For more information on the 2020 budget, as well as the full budget document, visit the City of Corner Brook: https://www.cornerbrook.com/budgets-financial-statements/
Mayor Jim Parsons
City of Corner Brook Budget Highlights
December 2, 2019 8:35 pm