The 2026 budget was developed in three streams, each approved in principle during the fall before formal adoption:
- General Fund Budget:
- Total: $184.8 million
- Funding sources: property taxes, user fees, and grants
- Purpose: delivery of essential municipal services and day-to-day city operations
- General Capital Budget (included in General Fund):
- Total: $36.7 million
- Funding: $19.9 million from property taxes. The remaining balance is made up of funding from other levels of government and one-time debt servicing.
- Purpose: materials for projects and operational equipment
- Water and Sewer Budget:
- Total: $25.6 million
- Operations: $13.9 million
- Capital investments: $11.6 million
- Funding: self-funded through user fees (as required by provincial law)
- Purpose: maintaining and upgrading systems for clean drinking water and safe treatment of wastewater
A total of $3.7 million in grants and contributions to community organizations was also approved, including $805,000 in Community Grants to support strategic partners, community initiatives, climate change action, and a new micro-grant program available for youth to lead projects that advance anti-racism, equity, and inclusion.
Tax Rates
NOTE: Areas that were amalgamated into the City of Fredericton in 2023 pay an additional tax rate of $0.4115 to the province for road maintenance.
