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Budgets 

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2017 Municipal Budget(s) for the Town of Oromocto

Town Council held a public budget consultation meeting on 16 November 2016 at the Hazen Park Centre.  Information from that session was gathered and considered as administration completed their respective budget priorities.  On Tuesday, 13 December 2016 the Chief Administrative Officer then presented the proposed 2017 Budget and finally on Thursday, 15 December 2016, Town Council approved the 2017 Budgets.

 

2017 Municipal Budget - 13 December 2016 - Public Presentation to Council

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Municipal Budgeting FAQs

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What exactly is a budget?

A planned itemized summary of money coming into the Town and how that money will be spent over a specified period of time.  


Did you know?

The Provincial Government legislates that money coming into a municipality must equal money going out.  This is also known as a balanced budget!


What is the difference between an operating and capital budget?

Operating budget:

Capital budget:

How are municipal services funded?

The majority of the municipal revenue is raised through property taxes, and legally the accounts cannot go into deficit.  Additional non-tax revenue sources come from facility and program fees, service fees, leases, licenses, permits and fines as well as grants, including a payment in lieu of taxes from the federal government. 

 

Where does the Town spend its money?






What is Assessment Growth?

What are Reserves & Reserve Funds?

 

February 16 2017

Regular Session of Council

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