Lumby budget approved
Lumby politicians can cross the financial plan off their list.
Council gave final adoption to the 2012 budget Monday.
“We spent so much time on the budget and there was a lot of work done on it,” said Coun. Jo Anne Fisher.
The budget includes a 2.82 per cent tax hike, which means an extra $19.42 this year for a home assessed at $233,921.
“Staff did a great job with the financial plan,” said Mayor Kevin Acton.
“They found money in some places and they were able to tighten things up compared to last year.”
The village will place $25,000 per year into reserves for infrastructure such as road upgrades.
Fisher, Nick Hodge and Randal Ostafichuk were just elected in November and this was the first time they had been involved in developing a budget.
“Being a new councillor, this was a big undertaking for me,” said Fisher, who gives credit to finance director Ken Klassen for explaining the process and answering questions.
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