Budget Information

Each of the three levels of government is responsible for different things.

Federal government

• Family policy
• Seniors programs
• Poverty reduction
• Employment programs
• Funding health care
• Citizenship and immigration
• Criminal law

Provincial government

• Education
• Health care
• Highways
• Income assistance
• Subsidized housing
• Nursing homes
• Daycare
• Tourism

Municipal government

• City roads
• Police and fire services
• Drinking water
• Public transit
• Recreation
• Zoning (land use)
• Garbage, compost, and recycling

Moncton has three separate budgets: 

All budgets are multi-year budgets to help support long-term planning. They are reviewed and adjusted each year. 

• Operating and utility budgets: three-year budgets
• Capital budget: five-year budget 

The budget year follows the calendar year, from Jan. 1 to Dec. 31.

• The general operating budget is funded mainly through property taxes.
• The utility budget is funded through user fees (water and wastewater billing).
• The capital budget is supported through the operating budget, borrowing, and funding from other levels of government.
   

Each year the provincial government assesses the value of every property in the province. The property assessment reflects the market value of the property — the price the property would likely sell for on the open real estate market.

Your property tax bill is calculated as follows:

• Assessed value of your property/100 x (municipal tax rate)

For example, for a home in Moncton with a value of $379,603, the tax bill for 2026 is:

• $379,603 /100 x $1.3614 = $5,167 or $431/month

The total assessment base for the City can grow in two ways:

• The value of existing properties rises
• Additional homes, businesses, and other structures are built

The City’s goal is always to manage finances responsibly and to consider the long-term consequences of fiscal decisions. As a result, it considers its tax rate carefully each year.

Maintaining the tax rate has helped mitigate increases in tax bills for individual property owners who saw their assessments increase, while maintaining a budget that meets the needs of residents.

Municipal governments receive eight cents of every tax dollar you pay each year, including property taxes, income tax, HST, etc. In 2026, Moncton will receive $201.7 million in property taxes. 

With those funds, the City of Moncton offers more than 85 services, including:

• builds, maintains, plows, and cleans city roads and sidewalks
• offers police and fire services
• provides drinking water
• operates public transit
• develops and delivers recreation activities
• oversees zoning (land use)
• provides waste collection, compost, and recycling services

What you get

Home assessed at $379,603
Monthly tax bill: $431 (2026)

Developing and implementing the budget is a year-round process. Planning for the following year’s budget begins early in the year and goes through to August. Budget development begins in earnest in the fall of each year.

Timeline for the 2027-2029 budget