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No tax hikes in Charlottetown’s balanced budget

While HRM is mulling over a $30.4 million budget shortfall,Charlottetown city council passed a balanced budget Thursday for thefourth year in a row that will not see any tax increases.

While HRM is mulling over a $30.4 million budget shortfall, Charlottetown city council passed a balanced budget Thursday for the fourth year in a row that will not see any tax increases.

Finance chair Cecil Villard announced the city ended 2009 with a $1.3-million surplus.

The Water and Sewer Utility ended the year $350,000 in the black.

The city will spend $5 million in federal Gas Tax Fund ($2 million of that figure wasn’t spent in the past fiscal year) on capital projects.

To help deal with its deficit, Halifax regional council directed staff to balance the budget through a $6 million general tax increase, $14 million in departmental budget cut and transit rate hike accounting for $10 million.