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Budget 2010 Presentation

News Release – December 16, 2009

Budget 2010 Highlights

Chart - The Operating Budget -Where It Comes From

Chart - The Operating Budget - Where It Goes

Chart - Water & Sewer Budget - Where It Comes From

Chart - Water & Sewer Budget - Where It Goes

Residential Property Tax Breakdown 2009

Budget 2009

Contact the Finance Department

Fredericton Approves 2010 Operating and Capital Budgets

Minor cuts announced; slight increase in fees and tax rate necessary.

The City of Fredericton has approved a $93.2 million general fund budget and a $12.1 million water and sewer budget for the 2010.  The budgets include both operating and capital amounts.

During the budget process, the municipality identified several ways to reduce its operating budget that were reflective of current economic realities.  Despite these efforts, a slight increase in the City’s tax rate for 2010 is necessary to maintain core infrastructure and position Fredericton for future growth and prosperity. There will also be some minor fee increases.

The inside rate will increase by 0.85 cents, rising from $1.4176 to $1.4261 per $100 of assessment.  For a home valued at $150,000, the tax increase will mean $5.85 monthly or $70.18 per year.  The outside rate will increase by the same amount, increasing from $1.0632 to $1.0696. 

Coun. Mike O’Brien, Chair of the City of Fredericton’s Finance and Administration Committee presented the City’s 2010 Budget at a special Council meeting held on December 16, 2009.

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