Finances

Under the Executive Director’s watchful eye, the Town of Caraquet manages a sizeable budget of nearly $6 million annually to provide essential public services, in accordance with Municipal Council’s objectives and the Municipalities Act.

 

General operating budget for 2017:

Administration $ 1 721 475 23%
Protection Services $ 1 170 112 17%
Transport $ 1 364 531 20%
Health and Facilities $1 175 494 17%
Leisure Services $ 487 484 7%
Culture Services $ 255 150 4%
Financial Services $ 805 474 12%
Capital expense $ 0 0%
Total $ 6 979 720 $  100%

Property tax rate analysis:

  2016 2017 Variation %
Gross expenses

$ 6 711 304

$ 6 979 720 
$ 268 416 4.00%
Minus non-tax revenues $ 532 117 $ 554 818 $ 22 701

4.27%

Net budget $ 6 179 187 $ 6 424 902 $ 245 715 3.98%
Minus provincial unconditional transfer grant $773 564 $ 745 454 $(28 110) -3.63%
Amount to be covered by local taxes $ 5 405 623 $ 5 679 448 $ 273 825 5.07%
Tax base

367 304 650

$ 378 201 250

$ 10 896  600

2.97%
Tax rate per $100 evaluation $1.4717 $ 1.5017 $ 0.0300 2.0384%

2017 Tax rate for water and sewage:

Water $300
Sewage $300
Total $600

2017 Metered Usage:

Saltwater $1.00/1000 gallons
Freshwater $2.75/1000 gallons

Sprinklers:

$1.30 per sprinkler