The Village of Belledune and City of Saint John are each facing the loss of more than $500,000 in their municipal budgets next year following downward revisions in the taxable value of major N.B. Power generating plants in their communities.
Service New Brunswick assessors revalued 3 major generating stations at N.B. Power’s request
Sam Farley · CBC News
· Posted: Mar 04, 2026 2:39 PM EST | Last Updated: 3 hours ago
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Belledune Mayor Paul Arseneault is hoping property tax reforms promised by the Holt government for 2027 will allow Belledune more flexibility in setting industrial rates in the village without having to raise residential tax rates as well. (Serge Bouchard/Radio-Canada)
The Village of Belledune and City of Saint John are each facing the loss of more than $500,000 in their municipal budgets next year following downward revisions in the taxable value of major N.B. Power generating plants in their communities.
It’s the fourth large reduction in a major industrial property’s assessed value in Saint John in the last 15 years, and Saint John Mayor Donna Reardon said they are not easy to absorb..
“When we get these things happening it’s very,
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