Goal:
The City of Saint John is able to fund the services it provides to the community by means of sustainable financial resources.
Commitments:
We will….
- Revise the long-term financial plan to incorporate on-going operating costs as well as the full cost of infrastructure development, maintenance and replacement.
- Ensure annual operating and capital budgets reflect the full cost of delivering services in accordance with policy direction set by Council, service level standards, and legislative requirements.
- Develop a Debt Management Plan to guide the use of debt in the financing of capital expenditures.
- Review existing legislation as a common law corporation to determine the City’s ability to generate revenue, investigate potential profitability, and identify public policy considerations.
- Pursue partnerships with other orders of government, community groups and organizations, and the private sector to provide funds and expertise needed to deliver services.
- Inform our citizens, ratepayers and other levels of government about our financial needs and limitations.
- Support Common Council in taking an active and persistent approach in lobbying other orders of government to encourage financial partnerships and remove legislative barriers that limit our ability so as to generate revenue to decrease our reliance on property taxation.