By Derwin Gowan
telegraph-journal
Published Friday November 16th, 2007
Appeared on page A2
The property tax base in New Brunswick's two biggest cities each cracked the $5-billion mark this year for the first time.
Local Government Minister Carmel Robichaud released the 2007 tax assessment figures for the province's 102 cities, towns and villages Thursday showing an overall increase of $2.2 billion, or 7.14 per cent, over last year to a new total of $32,779,056,328.
Moncton and Saint John together account for more than $10 billion of this; adding Fredericton's $4,866,745,536 brings the three biggest cities to a whisker under $15 billion - close to half of the total for all municipalities.
Moncton's tax base increased by a healthy 9.28 per cent, or $438,783,863, to bring the new total to $5,167,775,360.
In dollar terms, Moncton's tax base grew by more than any other community in the province, and by more than Campbellton's total tax base of $380,601,477.
So, Moncton keeps it number one spot in terms of total assessments - just ahead of Saint John at $5,048,713,797. Assessments in Saint John increased by 7.57 per cent or $355,289,578.
"There has been growth in the city and there was last year," Moncton Mayor Lorne Mitton said in an interview Thursday night. He said that both housing and residential buildings are ahead of last year to the same date.
"That is good for us, it shows that we are growing," the mayor said, but he cautioned that this growth increases the areas demanding streets, lights, water and sewerage and other services.
He offered no guarantees as city council starts to put the 2008 budget together, but said the assessment figures will make it easier for Moncton to avoid increasing the tax rate for the fourth year in a row.
Communities around Moncton and Saint John grew, too.
Dieppe's tax base grew by 10.47 per cent to $1,742,129,657, Riverview's by 8.84 per cent to $1,026,490,650.
In the Saint John region, Quispamsis's tax base grew by 12.75 per cent to $1,003,627,400, Rothesay's by 8.9 per cent to $856,957,879.
Quispamsis Mayor Ron Maloney predicted Thursday that his community will overtake Riverview as the town with the biggest tax base in New Brunswick - and likely Atlantic Canada.
These two towns, like Saint John and Moncton, moved into a class of their own by passing the billion-dollar mark in total tax base.
Maloney said the increasing tax base should allow Quispamsis to pay for routine capital expenses out of revenue, eliminating the debt and allowing room to borrow for big projects.
In percentage terms, Nackawic posted the biggest increase in tax base at 20 per cent, just ahead of Florenceville at 19.61 per cent.
Nackawic can benefit from the resumption of operations of the local pulpmill - unlike Miramichi, coping with shutdowns at several mills. Miramichi's tax base increased by only 0.35 per cent, which will force hard budget decisions.
The tax base in Aroostook declined by 0.94 per cent, and in Blacks Harbour by 0.37 per cent.
Compared to last year, city tax bases increased by a total of $1.4 billion or 7.35 per cent, towns by $608 million or 7.64 per cent, villages by $179 million or 4.94 per cent.
Robichaud says this would generate $32 million in new municipal revenue based on current tax rates.
[$119,000,000 = "Just ahead" wow...I wish I could have enough money coming in to say that 119 million dollars was just a small ammount in any way hahaha]