Local Government Minister Aaron Kennedy, who’s also the minister responsible for Service New Brunswick, says the province hopes municipalities will not raise property tax rates in 2026 in response to a sweeping freeze on property assessment increases. (Jacques Poitras/CBC)
The New Brunswick government says it hopes municipalities will be able to absorb a broad property assessment freeze in 2026 without raising tax rates on property owners.
But if municipal budget figures from this year are a guide, that may be a tall order.
At a news conference Wednesday, Aaron Kennedy, the minister responsible for Service New Brunswick, said he hopes municipalities will be able to scrape by in 2026 on revenue assessment increases they can generate outside the freeze and by making “difficult decisions” about how they spend money in their communities.
“I appreciate their frustration with the announcement, but I think when you take into consideration that sales and new construction and major renovations is excluded from the freeze there are many municipalities that won’t have a freeze in their revenues,” Kennedy said.
This story was brought to Nouzie by RSS. The original post can be found on https://www.cbc.ca/news/canada/new-brunswick/property-assessment-freeze-1.7528800?cmp=rss
