Essex Budget Includes Millions To Mitigate Flooding Issues
Monday February 15th, 2016
Posted at 10:53am
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The proposed 2016 budget for the Town of Essex includes millions to help the town mitigate flooding issues.
In total, the town plans to spend a record $14 million in infrastructure projects. Reserves will contribute to funding these projects, along with a 1.5 per cent increase in the general mill rate, impacting the average home valued at $165,000 by $18.00.
Increases in the urban mill rate to cover the funding gap for storm water infrastructure will further impact urban residents by an average $26.00.
“This budget goes a long way in closing the gap on the replacement of municipal assets,” says Donna Hunter, Director of Corporate Services.
Included in the 2016 budget, is $4.2 million in capital works to mitigate flooding issues.
“The storm water management and sanitary system improvement project in Essex Centre is currently underway and we anticipate that the work will be completed in 2016,” says Chris Nepszy, Director of Infrastructure and Development.
The budget is expected to be adopted formally at the Regular Council Meeting on Monday, March 7th.