Linked Header

Monday, January 9, 2012

Most Property Tax Collected In Saint John Is Taken Out Of City

The debate over a congestion tax or raising parking fees in the city has shone attention on the need for Saint John to get more money to operate. 

The city is funded primarily through property taxes but Deputy Mayor Stephen Chase says most of that money actually leaves the city including what people from the outlying areas spend at the malls.

Chase estimates 200 million dollars in property tax is leaving the city with only 19 million coming back in the form of the unconditional grant from the province.