The latest municipality to adopt its budget for 2020 is the RM of Eldon.
Their budget has been set for 2020, according to their news release, with a mill rate adopted of 3.34, the same as a year ago.
Revenues are projected of $11,471,302 and the surplus is $74,989.
To help those impacted by COVID-19 and the collapse of oil prices, the mill rate factor has been reduced from 11.7 to 10 for the industrial property class. That will result in a tax decrease of 15 percent or $2 million for that class.
The municipality will also continue to offer the same discount structure for prompt payment of the municipal portion of taxes.
