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Annual Budget

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Budget 2021

The 2021 municipal budget for the Town of Paradise was presented during the regular Public Council Meeting on Tuesday, December 15, 2020.

The $37.2 million budget maintains the residential and commercial mil rates at 7.2 and 11.5 respectively. The Town is facing reduced revenues for 2021 as property assessments have decreased. Under the Safe Restart Agreement from the federal and provincial governments, Paradise received $1.2 million which is enabling the Town to maintain mil rates.

Budget 2021 is built around Your Paradise- Plan 2022, the Town’s three-year strategic plan. The plan is based on five strategic pillars, Governance and Engagement, Regional Collaboration, Environmental Stewardship, Infrastructure and Economic Growth, and Social and Cultural Health. It outlines the long-term priorities and sets the overall direction for the Town.

Focused on the strategic pillars of Your Paradise – Plan 2022, key investments in for Budget 2021 include:

  • Increasing the street rehabilitation budget to $900,000;
  • Investing in Phase I of Evergreen Village water and sewer upgrades;
  • Installing traffic calming measures at the three school zones, similar to the pilot project the Town completed at Elizabeth Park Elementary;
  • Completion of park area for WoodStock Gardens and revitalization of recreational amenities for Elizabeth Park;
  • Installing a multi-sport turf field and lighting upgrades at Dianne Whalen Memorial Soccer Complex,
  • Investing in the Infrastructure Reserve Fund and continuing with the Business Support Plan (launched as part of the pandemic response);
  • Conducting a Financial Re-engineering project for a new financial system for the Town; and
  • Eliminating the fee for New Home Construction Permits (for 2021 only).   


Budget 2021 Documents

Budget 2021 - Town of Paradise

 

Previous Annual Budgets:

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