2010-2011 Budget The 2010-2011 provincial budget documents will be available on this Web site shortly after being unveiled in the Legislative Assembly on Tuesday, December 1. The budget speech, and a report on the economy will be posted here at about 3 p.m. that day.

Property Tax Accountability Mechanism: 2010 Base Tax Rate

In recent years, concern has been raised that property taxes have increased significantly faster than inflation.

The Plan for Lower Taxes in New Brunswick, introduced in the 2009-2010 Budget provides for an accountability mechanism that will help prevent provincial and municipal property taxes from automatically escalating when assessments rise.

With this mechanism, increased revenues from growth in the assessment base associated with new construction, and market value increases of up to inflation, will continue to automatically flow to municipalities and the Province.

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