Community funding and equalization grants announced for 202106 October 2020
FREDERICTON (GNB) – Local governments and local service districts will receive more than $75.9 million in community funding and equalization grants from the provincial government in 2021 to support their service needs and priorities.
“We are providing this valuable information early because we are keenly aware that local governments are relying on this information during their budget process,” said Local Government and Local Governance Reform Minister Daniel Allain. “Property owners have started receiving their assessment notices so we are pleased we could turn that information around for local governments in a timely manner.”
Local governments will have a core funding component of $13.9 million with an equalization component of $53.2 million.
Local service districts will receive core funding of almost $2.6 million and a police equalization component of almost $4.4 million.
The community funding and equalization grant formula also includes a calculation for policing costs for local governments served by the RCMP under the Provincial Police Service Agreement.
“We are looking forward to working with communities as we embark on local governance reform,” said Allain. “Focusing on our regions and their priorities will be a cornerstone of our approach.”
The list of Community Funding and Equalization Grants for municipalities and rural communities, and the list of municipal tax bases are available online.
Most property owners received their property assessment notice for 2021 on Oct. 1. These assessments will now be issued separately from their property tax (bills) notices.06-10-20