Saint John inks 2023 budget, increases property tax rate for businesses
“Normally businesses don’t like that,” said David Duplisea.
“We don’t like increases in property taxes because New Brunswick already has one of the highest property taxes for businesses in Canada. Although we were not pleased to see that go up we certainly understand the reason why the city had to do that.”Like many other municipalities, Saint John’s expenditures grew once again, this time at 7.6 per cent, which is $12 million more than in 2022.
Of the total $177 million, $142 million will come from property tax, which has risen roughly $11 million from the 2022 budget. The city also plans on receiving funds through Saint John Energy benefits, equalization and unconditional grants, and their source revenue. It will also expense more in almost every sector for 2023, with the largest coming from public safety services and public works and transportation services.
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