Budget 2018

City Uses Financial Management and Continuous Improvement to Deliver More Value for Community in 2018 Budget

The City of Fredericton’s continued dedication to good financial management and continuous improvement has led to the City delivering a balanced budget that delivers more value to citizens without impact to their property tax bills.

Fredericton City Council approved the City of Fredericton’s 2018 Budget as part of a Council budget meeting held on December 11, 2017. The $116.9 million dollar General Fund budget comes with no tax rate increase, maintains or improves existing services, and achieves more than $615,000 in efficiencies.

$18.4 million is earmarked for the capital budget and more than $766,000 will be provided in grants to community groups.

Recreation fees will increase in the areas of the Royals Field rental, community school gym rental, and the outside user fee for winter ice sports.

Council earlier approved a Water & Sewer Utility budget of $21.2 million, with a capital budget of $11.1 million. The quarterly combined water & sewer rate will increase from $1.68/m³ to $1.78/m³ and the quarterly service charge is being increased from $102.90 to $107.98. The rate increase will support much needed reinvestment in replacing old infrastructure to keep our water safe and clean.  The Water & Sewer Utility also found $285,355 in efficiencies totaling over $1 million in cumulative savings.

For budget highlights and news release, click here.

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