N.B. Liberals project $549M deficit in first budget

N.B. Liberals project $549M deficit in first budget

New Brunswick’s Liberal government is projecting a $549-million deficit in its first budget. That is despite a campaign promise by Premier Susan Holt to balance the budget in every year of her term. Finance Minister René Legacy said his government had to make some “tough decisions” as it built this budget. “We will not sacrifice […]

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 N.B. now projecting $399M deficit this year

N.B. now projecting $399M deficit this year

New Brunswick’s Liberal government is now projecting a nearly $399-million deficit this fiscal year, according to the third-quarter results. That is compared to a projected $92-million deficit just three months ago and a $41-million surplus budgeted by the previous Progressive Conservative government. Finance Minister René Legacy said there are several factors that negatively influenced the […]

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 Council in St. Stephen pass budgets, lowers both tax rates

Council in St. Stephen pass budgets, lowers both tax rates

The Municipal District of St. Stephen has passed both its capital and utility budget.  Council debated, over several committees of the whole meetings, the various priorities for the municipality, including road work, fleet vehicle replacement, and lift station replacement.  Jeff Renaud, the chief administrative officer, presented the final budgets to the council on Dec. 19. […]

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