Town of Riverview / News / Council passes 2020 municipal budget
Riverview Town Hall

Council passes 2020 municipal budget

The 2020 Riverview budget is officially set.

On Monday night, Riverview Town Council passed the General Operating Fund, Utility Operating Fund, and 2020 Capital Budgets totaling $55,496,203. Within those budgets, $12,391,800 is allocated to general capital projects and $5,130,000 will fund water and sewer capital projects:

  • The budget maintains the municipal tax rate at the same level as 2019. The property tax rate will remain at 1.5926 per $100 of assessment, which equates to a tax bill of $2,388 for a home valued at $150,000.
  • Water and Sewer bills will increase by $8.00 from $896.00 to $904.00. This is less than 1% and equates to $2.00 per each quarterly bill.
  • Notable capital infrastructure investments in 2020 include phase one of the Bridgedale Boulevard project which includes 1.6 kilometers of roadway from Gunningsville Boulevard to Runneymeade Road extension; further development of Mill Creek Nature Park; & continuing road infrastructure upgrades and renewals.
  • The budget also includes a $1.6 million allocation to capital reserve to support the funding of future infrastructure projects included in the ten year plan including the proposed Riverview Recreation Complex.

“The construction of Bridgedale Boulevard is an important project for the Town of Riverview in 2020 as it will be one mitigation to traffic congestion that our community will experience during the planned closure of the Causeway in 2021," said Mayor Ann Seamans.

“The long term benefit of this boulevard for the Town is it will open up opportunities for commercial and residential development and it will provide the public with better access into Mill Creek Nature Park as well as the future home of the Riverview Recreation Complex.”  

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