By Mark Squibb
Bay Bulls council will hold the mil rate steady for residents and commercial businesses at 5.0 and 14.75 mills respectively.
Council approved both the 2025 tax structure and budget during a special meeting held November 28.
Budget 2025 was balanced at just about $3,787,361, down from the previous year’s budget of $4,387,032. Town Manager Ashley Wakeham said a large chunk of government funding approved in 2024 for phase 2 of the Long Pond Trail project accounts for the difference between both budgets.
Council has applied for capital works funding for both 2025 and 2026 but those numbers were not included in Budget 2025 as the money has not yet been awarded.
The Town has also launched a new tax assistance program offering a 25 percent reduction to qualified low-income residential taxpayers.
Wakeham advised the early payment discount date has been moved up to March 31 from May 3 to comply with the new Towns and Local Service District Act that will replace the Municipalities Act on January 1.
