The 8 Cities are recommending that the Province can support each city’s desire to provide enhanced services for its citizens by following through with the promise of removing the “for profit” restrictions with the new Local Governance Act and allow cities the ability to generate new types of revenue that are not taxpayer dependent.
Next steps:
- The removal of the “for profit” restrictions with the new Local Governance Act. (3 months)
Benefits:
- The cities will be able to adapt and invest for the long-term and adapt to new opportunities or avoid emerging risks.
- Possible sustainable and permanent progressive revenue sources will help local governments in NB respond to the growing demand for services.
For more information, read our one-pager on "Cities ability to generate non-tax revenues".