Charlottetown Finance Chair Melissa Hilton has tabled a balanced 2018-19 budget, and she says the city capped off 2017 with a projected surplus of $2.55 million.
There’s no increase in residential or commercial tax rates or water or sewer rates.
Mayor Clifford Lee credits efficiencies found in operations and expenditures for the swing from a $3-million deficit at the end of 2015 to the surplus at the end of 2017.
Some of the expenditure highlights from the budget include $3 million for the storm water management systems, $6.2 million for snow removal, $1 million for parks and recreation, $3 million for street resurfacing, and $1.3 million for transit services.
To follow the Municipal Government Act regulations and operate on the same fiscal year as the Province, the City, for one time only, is on a 15-month budget until March 31, 2019.