Back to SearchDIEPPE, N.B. — Dieppe City Council adopted its 2017 operating budgets totalling $66.2 million during its regular public meeting held on December 12. Of this amount, $53.5 million will go toward the general operating budget while $12.7 million will go toward the budget for water and sewer.
Capital spending budgets were also passed at the meeting: $26.5 million for the general capital budget (borrowing $14.9 million) and $4.1 million for the water and sewer capital budget.
The tax rate increase will be 2 cent, which is $1.6195 per $100 of appraisal. For the average house in Dieppe valued at $185,000, the property tax will increase from $2,959 to $2,996, this represents an increase of $37 annually. The water and sewer bill will see a $16 increase from $900 up to $916.
“The major projects planned for the coming years, such as the replacement of the Centennial Arena, the new RCMP position, the Jeux de la Francophonie 2021 and the additions to the road network due to the opening of a new school along Dieppe Boulevard, mean that we must act cautiously”, says Mayor Yvon Lapierre.
“Despite the tax base figures being above the predictions presented during our budget deliberations held in November, we prefer to put this surplus aside and increase the taxation rate now in order to reduce our debt ratio and lease rates, maintain capital buffers for future projects and have less of an impact on our residents in the medium term.”
General operating budget
Revenue sources:
Property taxes $48,412,591 Community funding equalization grants $995,217
Other sources $4,100,534
Distribution of expenses:
Administration 7.2%
Assessment costs 1.1%
Police 10.6%
Fire 10.4%
Water 2.7%
Transportation 9.3%
Other public safety 6.8%
Communications 1.4%
Leisure 14.3%
Municipal buildings and environment 4.2%
Financial services 15.9%
Operating capital 7.9%
Engineering 4.6%
Reserve 3.7%
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