In the past five years:
~ The General Fund budget for the City of Fredericton has increased from $125.1 million to $184.8 million, or about 47%.
~ Property taxes collected by the city have increased from 110.6 million to 160.2 million or about 45%.
~ In 2023, when areas were amalgamated into the city, the property tax the city received increased by 23%.
~ Budgets in different departments have multiplied drastically. Just as an example:
o
Composting increased by 435%
o
By-law enforcement by 333%
o
Leisure and Recreation increased by 267%
o Heritage increased by 137%
When the tax base increases, that is a chance for the city to decrease the tax rate.
A budget that is increasing at these rates is not indicative of a city that is facing budgetary pressures. It means that difficult budgetary decisions don’t have to be made. I don’t believe any budget needs to increase at the rate ours has.
Things are being done backwards. Responsible budgeting means:
1. Decide how much money you need.
2. See what tax base is available.
3. Set the tax rate accordingly.

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