The Village of Carbon has passed its operating budget and is aiming to keep its Mill Rate the same as in 2024.
The budget collects $2,005,584.59 in revenue from all departments, up from $1,800,269.82 in 2024. This comes from $652,560.67 in tax revenue.
Mayor Travis Cormier said they are planning to keep their Mill Rate consistent with 2024, but because of the increase in property assessments, they will still be able to meet the budget target.
“It’s only going up because the property assessment is going up, and we can’t really control that,” he said.
If the council returned to the 2023 Mill rate, it would be able to generate about $50,100 in funds that could replenish reserves.
The Villages Local Government Fiscal Framework (LGFF) operation funding remains consistent at $130,508.00, and LGFF Capital funding is at $253,190.00. This is provincial funding, replacing the Municipal Sustainability Initiative (MSI) funding.
One area they are looking to spend is repairs to the swimming pool. There is approximately $40,000 budgeted for Capital Purchases for the poll. This is the village’s matching contributions for Lions Club’s CFEP Application for the pool repairs.
