ZigZag Trail reconstruction, wastewater treatment plant upgrades, town hall relocation and annual paving top the list of Princeton’s 2012 budget.
Overall residential property taxes increased nine per cent from 2011, while business property taxes decreased by 14 per cent.
The provincial government awarded $180,000 for upgrades to the ZigZag Trial. Provincial funding and money from the Federal Gas Tax Fund give construction a $225,000 total budget.
Wastewater treatment upgrades will cost around $400,000 and include safety fencing, de-sludging of the septic pits and improvements of the campground sewage system.
Relocation or renovation of town hall was identified in February as council’s number one priority, which has been slated at $350,000. Town hall employees need a larger place to work, said deputy mayor Jason Earle in a previous Spotlight article.
Annual paving of roads in Princeton will cost $140,000.
“The system of property taxation provides a stable and consistent source of revenue for many services that are difficult or undesirable to fund on a user-pay basis,” said information provided by the town.
“These include services such as fire protection, bylaw enforcement, libraries and street-lighting.”
Council is trying to increase taxes paid by businesses through growth and development, while making sure businesses can still operate effectively and not be a deterrent to business wanting to come to Princeton.
For detailed information about the 2012 budget, see the Town of Princeton website.