FIVE-YEAR FINANCIAL PLAN
Town Council adopted a new Five-Year Financial Plan at its Regular Session on 21 September 2023. The objective of the plan is to provide a high-level overview of the major investments on the horizon. To view a copy of the press release for more information, please click here.
2024 Municipal Budget(s) for the Town of Oromocto
Town Council held a public budget consultation meeting on the 17 October 2023 at the Municipal Building.Please see the attached public consultation document that was shared with those in attendance here. Information from that session was gathered and the final presentation to Council was held on 14 November 2023. 2024 Municipal Budget Presentation.
A planned itemized summary of money coming into the Town and how that money will be spent over a specified period of time.
The Provincial Government legislates that money coming into a municipality must equal money going out? This is also known as a balanced budget!
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.
4 Doyle Drive, Oromocto NB E2V 2V3