Published on: November 20, 2020

2021 Budget Forecast: Measures to Help Everyone

PRESS RELEASE
For immediate publication

 

2021 Budget Forecast: Measures to Help Everyone

Brome Lake, November 20, 2020 — As the uncertainty regarding the COVID-19 pandemic persists, The Town of Brome Lake plans to offer significant tax relief to business and industrial property owners in the 2021 budget.

The council plans to use a portion of the expected 3-million-dollar surplus from 2020 to reduce municipal taxes by 33.6% for commercial buildings and 29% for the industrial sector. These measures result in savings of nearly $400,000 for our entrepreneurs.

Residential property owners will see a freeze in their property tax rates, at 0,665$ per 100$ of value, one of the lowest tax rates in the area.

“The council was unanimous in wanting to provide direct and immediate financial relief to taxpayers impacted most by the COVID-19 pandemic, according to Mayor Richard Burcombe. The council is counting on building owners to pass on the tax relief to commercial tenants.”

The commercial and industrial tax break is planned for the 2021 budget only, and will impact all of the 225 nonresidential taxpayers in all sectors of the town of Brome Lake.

Priorities for 2021: The Blackwood Dam and Continued Investments in our Road Network
The Blackwood dam reconstruction and continuing to better our paved and gravel roads are what we will be focusing on in 2021.

Regarding the dam, all required studies and documents have been submitted to the Ministère de l’Environnement et de la Lutte contre les changements climatiques and the Town is waiting for the provincial authorization to be able to start work on the massive project in August 2021.

The other projects and investments in infrastructure will be presented in detail during the tabling of the budget on December 14th.

Due to sanitary restrictions, the budget will be presented online only this year. Citizens are invited to follow our various platforms (website, Facebook page and monthly newsletter) to find out all the details.

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