A financial plan is now firmly in place for Lumby.
Members of council adopted the 2011 municipal budget Monday.
There will be no increase in property taxes, and Mayor Kevin Acton says that reflects the ongoing impact of the recession on residents.
“People can’t afford tax increases. We are holding the line this year,” he said.
However, Acton admits that revenue is required to continue with village operations and he can’t guarantee there won’t be a hike in taxes in 2012.
Also on Monday, council adopted the water and sewer rates bylaws for 2011.
Water rates will include a flat fee of $12 and then 64 cents per cubic metre.
The average home will see their cost go from $240 to $310 annually.
Acton believes installation of meters is encouraging conservation.
“We are already realizing a 20 per cent decrease in water use,” he said.
But even with less water being used, the village is not concerned that revenue for the utility is being undermined.
“The flat rate covers day-to-day operations while the consumption rate goes into reserves,” said Acton.
In terms of the sewer utility, there will be a flat rate of $12 for sewer and then a cost of 40 cents per cubic metre for customers.
For the average residence, the annual sewer bill will go from $171 to $247 a year.