RELEASE: MOUNT PEARL PRESENTS 2024 BUDGET
FOR IMMEDIATE RELEASE
To view a PDF version of this release, click here.
Mount Pearl presents Budget 2024 City balances fiscal responsibility with planning for the future
Mount Pearl, NL – Today, the City of Mount Pearl presented its balanced 2024 budget of $58,483,356.
The budget delivered responds to the rising operational cost of doing business while continuing investment that supports the strategic plan launched earlier this year, largely focused on growing the city – all while realizing the impact of inflation felt by taxpayers.
“With this year’s budget, we were faced with striking the balance between fiscal restraint and poising the city for growth,” said Mayor Dave Aker. “We believe we have achieved the right balance.”
With development a major focus of Budget 2024, $300,000 has been allocated for a Municipal Plan review and an Integrated Transportation Plan, that will act as a framework for the future of the city. Over $3.2 million has been assigned to
support new and existing housing through upgrades to critical infrastructure, and continued investment in the North of Topsail Road development, including funding for phase one of a new water tower to support that area.
Budget 2024 also includes $85,000 in funding to expand existing programs that support those in our community who experience financial hardship. Complimenting the forthcoming accessibility plan, this budget also commits to enhancing the accessibility of our buildings and community events with an investment of $180,000. Budget 2024 will also provide $630,000 to enhance recreation, trails, and the city’s urban forest, and has designated $150,000 to expand Metrobus service in Donovan’s.
“We are the financial stewards of city assets and resources, and we must always act in the best interest of the city as a whole,” said Councillor Mark Rice, Co-Chair of the Corporate Services and Public Works Committee. “Our residents and businesses deserve the best value for their tax dollars, and this budget delivers.”
The 2024 residential and commercial mil rates remain at 7.7 and 12.4 mils, respectively. Water taxes, however, will increase slightly by $25 per household and 0.1 mils for commercial properties to match inflation and allow for investment in infrastructure.
By the numbers:
• The total 2024 budget is $58,483,356.
• The 2024 budget includes no changes to residential or commercial mil rates.
• The 2024 budget includes slight increases to water and wastewater fees; $25 for residential properties and 0.1 mils for commercial properties.
• The 2024 budget makes no increases to recreation or waste disposal fees.
• The total capital budget for 2024 is $10,639,407.
Full details on the budget can be found at www.mountpearl.ca/budget.
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Media Contact:
Brandon Mullins
Marketing & Communications Officer
709-748-1009
bmullins@mountpearl.ca