Budget 2021
No tax rate increase in City’s 2021 Budget
Despite COVID-19, City able to deliver balanced budget with no service cuts
Despite challenges presented by COVID-19, Fredericton City Council has approved a $125.1 million budget that continues to support municipal programs and invest in key infrastructure projects, without increasing the tax rate and only five small recreation and parking fee increases.
As in 2020, the inside tax rate will stay at $1.4311 per $100 assessment. The outside tax rate remains at $1.0733.
Continuing with the City’s five-year rate strategy to bring Fredericton’s fees in line with other New Brunswick municipalities, small fee increases will occur to one recreation and four monthly parking fees.
- Royals Field Cost per Game – increase from $43.20 to $52.84 effective January 1, 2021
- Frederick Square Garage Monthly Permit Fee – increase from $100 to $120 effective February 1, 2021
- East End Garage Monthly Permit Fee – increase from $120 to $130 effective February 1, 2021
- York Parking Lot Monthly Permit Fee – increase from $115 to $120 effective February 1, 2021
- Officers’ Square Parking Lot – increase from $115 to $120 effective February 1, 2021
$17.1 million is earmarked for capital projects investments in 2021. $803,500 will be provided in grants to community groups in 2021.
Water & Sewer Utility
With water consumption up in Fredericton in 2020, the City’s Water & Sewer Utility has set aside its ongoing rate strategy and recommended that water & sewer rates not increase in 2021. Rates for 2021 will remain at $117.20 for the quarterly service charge and a usage fee of $1.86/m3. As per provincial legislation, Fredericton’s water and sewer utility is self-funded, deriving all its revenue from rates charged and government infrastructure grants. The total Water & Sewer Budget is $22.3M, with $11.5M going towards Capital projects.
Additional Resources :
- No tax rate increase in City’s 2021 Budget (News Release, 23-Nov-20)
- City provides $803,500 in community grants as part of Budget 2021 (News Release, 23-Nov-20)
- Budget 2021 Infographic (PDF)
- Budget Speech 2021 (PDF)
- Budget Book 2021 (PDF)