Blake Ellis/The Independent

After a recalculation of the budget, Oil Springs is in much better shape.

Instead of the six percent increase the municipality was facing at is May 6 meeting, it now has a two percent increase.

Oil Springs council had a special meeting on May 20 to further examine the budget.

The recalculation involved including the $89,000 HST rebate, which had not been inserted in the budget. The taxes on new homes built in the community had also not been calculated in the budget. Just over $21,000 was also taken out of the municipality’s reserves to be spent within the budget.

Council decided to look at further paving on Oil Springs Line and is estimating to spend another $50,000 on paving. Quotes will be obtained and brought to its June meeting for consideration.

Council will consider to completing road repairs on Oil Springs Line from Gypsy Flats Road to the village limits estimated at $119,000, as well as sidewalk replacement on Oil Springs Line from Gypsy Flats Road to Duryee Street. The sidewalk replacement will depend on whether the municipality is awarded a grant.

Concrete work will be completed on Richmond Street for $13,200 to place an inverted swell, as well as $80,000 to replace guardrails on the Gypsy Flats Road Bridge.

The budget is expected to be passed at council’s next meeting in June.