Listen Live
HomeNewsTown of Bancroft Presents Draft Budget

Town of Bancroft Presents Draft Budget

The Town of Bancroft held an evening open session of council on Tuesday night to present to the public their current draft budget and to get feedback from those attending. Her Worship Mayor Bernice Jenkins turned over the initial presentation to Councillor Paul Jenkins, who took the crowd through a Power Point presentation on the organization of the budget planning and then the current draft result. The town holds a current debt of just under six million dollars and expects to have that reduced to near half in ten years. Their diagrams of operating costs showed that policing still accounts for 24 per cent of the budget and reduction of that cost is a major focus for the town. The final result of the evening was that the town’s portion of tax increase for the next year is expected to be 1.11 per cent. Council did note that both the County and the Education Boards still have their input to make and that may or may not increase the tax levies for 2015.

- Advertisment -
- Advertisment -
- Advertisement -

Continue Reading