February 9, 2016 – The Government of New Brunswick has decided not to move forward with a proposal to all tolls to provincial highways as a way to generate new revenues for the province.
According to an article from CBC News, Finance Minister Roger Melanson made the announcement as part of the province’s release of its budget.
The cash-strapped province had been exploring several options for the creation of new revenue streams, including the possibility of adding tolls to provincial highways. However, according to Melanson, there was no consensus on where the tolls should be placed or how long it would be until revenues to be collected.
Instead, the province has decided to hike the HST by two points, from 13 per cent to 15 per cent. That hike is expected to generate upwards of $300 million in new revenue.
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