© File photo
The Town of Rocky Harbour is seen in this undated file photo.
ROCKY HARBOUR — The Town of Rocky Harbour is following the same pattern as most other municipalities in the province by not raising any taxes for the coming year.
The town brought down its 2014 budget last Thursday and will be keeping its residential property tax at 4.5 mills and its commercial property tax rate at 5.5 mills.
“Not a whole lot has changed from last year’s budget,” said Debbie Reid, the town clerk.
This year’s budget, which was balanced at a little more than $1.1 million, was valued at nearly $66,000 less than the 2013 budget.
The reason behind that decrease, figured Reid, is the significant increase in the municipal operating grant the town will receive from the provincial government.
This year’s operating grant will be $93,356, compared to last year’s grant worth $53,000.
Rocky Harbour has applied for funding for five major capital works projects in the coming year, including three related to its water and sewer system and two involving street upgrades.
The town is eligible for a cost-sharing agreement that will see the provincial government pay 90 per cent of approved capital works projects.