Monday, December 11, 2017 - 2:30 PM

City Council Approves Budget for 2018

Today, the City of St. John’s released the details of Budget 2018, the third year in a three-year budget plan.

“Revenues and expenditures are balanced at $294,591,088 for 2018, a marginal 0.1% increase over 2017,” said Councillor Dave Lane, lead councillor for the City’s Finance and Administration portfolio. “We look forward now to operating with fiscal restraint and efficiency, ensuring that we end the year in a balanced and positive position as we plan for the next three-year budget cycle.”

Taxation rates remain unchanged for 2018 and no new fees or charges are identified for the upcoming year.

Key themes in Budget 2018 include efficiency, engagement, continuous improvement and maintaining core services. A planned citizen satisfaction survey, a review of the public transit service and a panel to consider the potential for a Municipal Auditor General top the list of key initiatives for the upcoming year.

“Our new Council has a solid foundation in place for 2018 on which to move forward,” said Mayor Danny Breen. “We will turn our attention to planning for the next three years early in the year, with a comprehensive engagement strategy as we look to develop both a new strategic plan and a new budget plan.”

All Budget 2018 documents and descriptions are available on the city’s website.