The exterior of Saint John City Hall is pictured in this file photo. (Staff photo)
The cash-strapped city of Saint John got a bit of welcome news from the province on Wednesday.
The city was assuming a projected tax base growth of 1.5 per cent for 2020.
But new numbers from the province show the tax base actually grew by 1.8 per cent, or $126 million.
Kevin Fudge, the city’s finance commissioner, said this equals about $300,000 to $400,000 on their projected $11-million deficit.
“It’s not significant,” Fudge told reporters after Wednesday’s finance committee meeting.
“We still want to assume 1.5 per cent [growth] for 2021, 2022 and 2023 because we don’t really know where we’re going yet.”
Rothesay and Quispamsis saw tax base growth between 2.8 and three per cent, while Grand Bay-Westfield saw a 1.8 per cent increase.
Follow
