News

RM of Woodlands shows slight tax increase in financial plan

By Juliet Kadzviti/The Stonewall Argus & Teulon Times

The RM of Woodlands town office (Photo By Katelyn Boulanger)

The RM of Woodlands town office (Photo By Katelyn Boulanger)

The RM of Woodlands presented its financial plan for 2018 to the public during a meeting on May 1. The plan showed a slight increase in the amount of municipal taxes, going up by 1.8% from $3,323,806 in 2017 to $3,382,875 in 2018.


The RM’s commercial, farm, institutional, recreational and residential properties were reassessed for changes in value. Residential properties in the RM were assessed to be worth approximately $143 million, up 10.1% as compared to 2017.  Overall, the portioned taxable assessment increased by 15%.


So, for example, a resident in the LUD of Warren (where the mill rate is pegged at 13.05), with a house assessed at $275,000 in 2018, will pay about $1,614.94 in municipal taxes- a 2.2% increase from last year. Factored in with the taxes owed to the Interlake School Division, the resident will see a 5.4% increase in their total current property taxes.

Financial highlights
The town’s budgeted revenue will be $5,863,320. Expenses include government services for just over $700,000, transportation for about $1.4 million and fiscal (debt) services of  slightly more than $2 million.


Capital projects include funds for the upgrade and repair of the Woodlands clinic building for $25,000 and the conversion of  Woodlands landfill site into a transfer station for $150,000.


Upgrades to the RM’s roads have also been budgeted for. Road 82N between Road 13W and 15W will be reconstructed for $250,000. A portion of Procter Street in Woodlands will be repaired and rebuilt. for $45,000. Road 76.5 between Warren and Provincial Trunk Highway 6 will also be rebuilt for $30,000.


There will also be money set aside to install crosswalks in Woodlands and Warren for $33,500 and the design of a pedestrian transportation network for $26,500.
 

The RM is also investing in machinery including a loader, dozer, 3/4 ton truck and attachments for $445,000. Finally, a streetlight will be installed at Road 77N and Railway Avenue for $1,500.



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