2026 Municipal Budget - Town of Happy Valley-Goose Bay (tax rates)
Happy Valley-Goose Bay, Newfoundland and Labrador
· adopted 2025-12-17
· summary & facts
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17
day of
2025
Day
Year
Page 2
Page 3
Page 7
Page 12
Page 13
Department of Municipal Affairs and
Community Engagement
Government of Newfoundland and Labrador
Calendar Year: 2026
Signature of Clerk/Manager
Expenditures-----------------------------------------------------------------------
Debt Charges Summary--------------------------------------------------------
TABLE OF CONTENTS
Name of Municipality
The estimates reported in this submission were approved by the Council of the Municipality of
Summary of the Municipal Budget Submission Form--------------------
Town of Happy Valley-Goose Bay
Signature of Mayor
Deadline for Council Adoption: January 1, 2026
Deadline for Submission: January 31, 2026
at a meeting held on
Debt Servicing Ratio-------------------------------------------------------------
Revenues---------------------------------------------------------------------------
December
Month
Page 1
Loan Number Name of Creditor Purpose (Water,
Roads; etc.)
Original Principal
Maturity Date
(dd-month-yyyy)
Council Annual
Payment
Provincial Annual Payment
471
RBC
WWTP
$3,100,000.00
3-Apr-2027 $ 377,629.27
28069
RBC
CLYMCA
$3,000,000.00
6-Aug-2041 $ 315,744.84
89001
BMO
Lease-JD 644P
loader
$469,000.00
11-Jan-2028 $ 71,473.80
58704
RBC
Equipment loan-
JD 644L loader
$435,150.00
2-Feb-2026 $ 23,567.61
NEW*
RBC Equipment line of
credit
$975,000 - Fire fighting equipment, loader,
generator, scoreboard
5-Nov-2030 $ 217,359.48
NEW*
RBC
WS Infrastructure
new development
$1,300,000.00
30-Dec-2026 $ 95,439.60
$1,101,214.60
Totals
2. Transcribe the above total of "Provincial Annual Payment" to sub-section 4.1.2 "Provincial Portion of Debt Charges" found in the section "4.1
Provincial Government Grants and Subsidies" on Page 11.
1. Transcribe BOTH the above totals for Council Annual Payment and Provincial Annual Payment to the appropriate boxes in section "7.1 Debt
Charges From All Sources" of "7.0 FISCAL SERVICES" on Page 6.
BEFORE CONTINUING:
Debt Charges Summary
Page 2
$207,000.00
$40,000.00
$247,000.00
$800,806.05
$1,001,910.29
$540,346.96
30,000.00
$168,500.00
344,765.48
$273,000.00
$320,500.00
$3,479,828.78
$1,000.00
$114,400.00
$318,812.81
90,000.00
$23,500.00
$432,312.81
$4,274,541.59
Total 1.5 Common Services-----------------------------------------------------------------------------------------------------
1.2.3. Payroll Burden ---------------------------------------------------------------------------------
1.3 Municipal Elections & By-elections--------------------------------------------------------------------------------------
1.5 Common Services
1.2 General Administration
1.2.1. Salaries ------------------------------------------------------------------------------------------
1.5.1 Engineering Services -------------------------------------------------------------------------
1.2.7. Professional Services -------------------------------------------------------------------------
1.2.6. Purchased Services (other than Insurance) ------------------------------------------------
1.2.2. Employee Benefits ----------------------------------------------------------------------------
1.2.5. Supplies -----------------------------------------------------------------------------------------
1.4 Property Assessment Services---------------------------------------------------------------------------------------------
1.2.4. Travel -------------------------------------------------------------------------------------------
1.5.4 Public Relations -------------------------------------------------------------------------------
1.5.3 Professional Development and Training --------------------------------------------------
1.5.2 General Maintenance -------------------------------------------------------------------------
Expenditures
1.1.1. Remuneration for Councillors ---------------------------------------------------------------
1.1 Council
1.0 GENERAL GOVERNMENT
Total 1.1 Council ------------------------------------------------------------------------------------------------------------------
1.1.2. Travel -------------------------------------------------------------------------------------------
TOTAL 1.0 GENERAL GOVERNMENT----------------------------------------------------------------------------------
1.2.8. Insurance ---------------------------------------------------------------------------------------
Total 1.2 General Administration----------------------------------------------------------------------------------------------
Page 3
$355,654.00
$10,000.00
$43,550.00
$67,200.00
$876,096.15
$1,352,500.15
$485,398.99
$1,079,218.20
$84,800.00
$155,000.00
$1,319,018.20
$25,183.60
$1,596,910.10
$3,426,510.89
$262,850.00
$301,200.00
$546,498.00
$904,250.00
$1,086,827.00
$3,101,625.00
2.0 PROTECTIVE SERVICES
TOTAL 3.0 TRANSPORTATION SERVICES ----------------------------------------------------------------------------
3.4 Other Transportation Services -------------------------------------------------------------------------------------------
4.3 Garbage and Waste Collection and Disposal --------------------------------------------------------------------------
2.2 Emergency Preparedness and Response --------------------------------------------------------------------------------
2.1 Fire Protection --------------------------------------------------------------------------------------------------------------
TOTAL 2.0 PROTECTIVE SERVICES -----------------------------------------------------------------------------------
2.3 Animal and Pest Control ---------------------------------------------------------------------------------------------------
2.6 Salaries ------------------------------------------------------------------------------------------------------------------------
Total 3.2 Road Transport -----------------------------------------------------------------------------------------------------
3.2.2 Snow Removal ---------------------------------------------------------------------------------
3.0 TRANSPORTATION SERVICES
3.2.3 Street Lighting ---------------------------------------------------------------------------------
3.2.4 Traffic Services --------------------------------------------------------------------------------
4.4 Other Environmental Health Services ----------------------------------------------------------------------------------
3.5 Salaries ------------------------------------------------------------------------------------------------------------------------
3.1 Vehicle and Fleet Maintenance --------------------------------------------------------------------------------------------
4.0 ENVIRONMENTAL HEALTH
3.2 Road Transport
3.3 Public Transit ---------------------------------------------------------------------------------------------------------------
3.2.1 Streets, Roads, Sidewalks, etc. ---------------------------------------------------------------
4.5 Salaries ------------------------------------------------------------------------------------------------------------------------
4.1 Water Supply ----------------------------------------------------------------------------------------------------------------
4.2 Sewage Collection and Disposal ------------------------------------------------------------------------------------------
TOTAL 4.0 ENVIRONMENTAL HEALTH ------------------------------------------------------------------------------
2.5 Other Protective Services and Inspections -----------------------------------------------------------------------------
2.4 Municipal Enforcement ----------------------------------------------------------------------------------------------------
Page 4
$42,900.00
$264,000.00
$90,300.81
$397,200.81
$822,806.94
$473,926.00
$234,512.94
$708,438.94
$1,172,000.00
$2,703,245.88
5.5 Salaries ------------------------------------------------------------------------------------------------------------------------
5.0 PLANNING AND DEVELOPMENT
5.1 Planning and Zoning --------------------------------------------------------------------------------------------------------
5.5 Other Planning and Development ----------------------------------------------------------------------------------------
Total 6.2 Recreation Facilities -------------------------------------------------------------------------------------------------
6.2.4 Swimming Pool --------------------------------------------------------------------------------
6.0 RECREATION AND CULTURAL SERVICES
6.2 Recreation Facilities
5.4 Tourism and Marketing ----------------------------------------------------------------------------------------------------
TOTAL 6.0 RECREATIONAL AND CULTURAL SERVICES -------------------------------------------------------
6.5 Other Recreation and Cultural Services --------------------------------------------------------------------------------
6.4 Recreation and Cultural Programs, Activities etc. -------------------------------------------------------------------
6.1 Recreation Administration (Salaries) ------------------------------------------------------------------------------------
6.3 Cultural Facilities ------------------------------------------------------------------------------------------------------------
6.2.2 Parks, Playgrounds, Trails, etc. ------------------------------------------------------------
6.2.3 Stadium -----------------------------------------------------------------------------------------
5.3 Regional Development ------------------------------------------------------------------------------------------------------
TOTAL 5.0 PLANNING AND DEVELOPMENT ------------------------------------------------------------------------
6.2.1 Recreation and Community Centres -------------------------------------------------------
5.2 Community Improvement and Development ---------------------------------------------------------------------------
Page 5
$1,101,214.60 (See page 2)
(See page 2)
$1,101,214.60
$240,000.00
$359,378.89
$2,458,668.65
$840,301.55
$3,298,970.20
$3,898,349.09
$115,000.00
$5,114,563.69
Total 7.1 Debt Charges From All Sources ----------------------------------------------------------------------------------
TOTAL EXPENDITURES
Total 7.2.5 Capital Expenditure Out of Revenue ----------------------------------------------
TOTAL 7.0 FISCAL SERVICES ---------------------------------------------------------------------------------------------
7.2.3 Accumulated Deficit Reduction Plan -------------------------------------------------------
7.2.1 Provision for Uncollectible Taxes, Fees & Charges -------------------------------------
7.3 Bank Charges & Other Fiscal Services ---------------------------------------------------------------------------------
Total 7.2 Transfers to Authorized Reserves and Other Funds ---------------------------------------------------------
7.2.5.1 Canada Community Building Fund (Gas Tax) --------------------
7.2.5 Capital Expenditure Out of Revenue:
7.2.6 Authorized Transfers to Reserves & Other Funds:
7.2.5.2 All Other (please provide list) ------------------------------------
7.2.4 Discounts, Losses, Allowances -------------------------------------------------------------
Total 7.2.6 Authorized Transfers to Reserves & Other Funds ------------------------------
7.1 Debt Charges From All Sources (from page 2)
$20,370,188.01
7.2 Transfers to Authorized Reserves and other Funds
7.2.2 Operating Deficit of Prior Year -------------------------------------------------------------
7.1.1 Municipal Annual Payment ------------------------------------------------------------------
7.0 FISCAL SERVICES
7.1.2 Provincial Annual Payment ------------------------------------------------------------------
7.2.6.1 Canada Community Building Fund (Gas Tax) ----------------
7.2.6.2 All Other (please provide list) -----------------------------------
Page 6
Assessed Values
Number of
Properties
Tax Rate
Total Tax
$803,737,533
2,839
7.75
$6,228,965.88
$20,600
6
$50.00
$300.00
$60,956,300
287
$472,411.33
$864,714,433
3,132
$6,701,677.21
Assessed Values
Number of
Properties
Tax Rate
Total Tax
$ 160,395,211.67
367
12
$1,924,742.54
$29,000
11
$50.00
$550.00
$0
0
$0.00
$0.00
$54,984,700
127
$509,816.40
$215,408,912
505
$2,435,108.94
Assessed Values
# of Properties
Tax Rate
Total Tax
$4,147,500
52
$3,750.00
$195,000.00
$4,147,500
52
$195,000.00
$1,084,270,845
3,689
$9,331,786.15
BOX A
1.1.2.6. Non-Residential Exempt
Property
1.1.2.5. Tax Agreements
1.1.3 Vacant Land
1.1.2.4. Non-Residential Grants
in Lieu
1.1.3.1. Minimum Rate Method
Total 1.1 Property Tax
Information------------------------------------
1.0 TAXES AND RELATED REVENUES
1.1.2.1. Mil Rate Method
1.1 Property Tax Information
1.1.1.3. Residential Grants in Lieu
Total Vacant Land ---------------------------
1.1.1.1. Mil Rate Method
1.1.1 Residential Property Info.
1.1.1.4. Residential Exempt
Properties
Total Commercial/
Non-Residential ------------------------------
Total Residential Property
Info ---------------------------------------------
1.1.2 Commercial/Non-Residential
1.1.2.3. Minimum Tax Method
(Small Structures)
1.1.2.2. Minimum Tax Method
(General)
Revenues
1.1.1.2. Minimum Tax Method
Page 7
# Household
Units
Tax (Fee) Rate
Total Tax (Fee)
3,348
583
$1,951,884.00
7
256
$1,792.00
54
327
$17,658.00
3,409
$1,971,334.00
# Comm. /
Non-Res.
Units
Tax (Fee) Rate
Total Tax (Fee)
480
583
$279,840.00
25
256
$6,400.00
0
327
$0.00
49
$556,585.20
4
$55,968.00
558
$898,793.20
$2,870,127.20
BOX B
1.2.1.3. Water Tax (Fee) Only (if Separate Tax (Fee))
1.2.1.1. # of Households (Not Connected)
1.2 Water and Sewage Fee Information
1.2.1.2. Water and Sewage Tax (Fee)
1.2.1.4. Sewage Tax (Fee) Only (if Separate Tax (Fee))
Total 1.2.2 Commercial/Non-Residential Water and Sewage Tax (Fee) -----------------------------------------------
1.2.2.5. Other Commercial/Non-Residential W/S Tax (Fee))
Total 1.2 Water and Sewage Tax (Fee) -------------------------------------------------------------------------------------
1.2.2.6. Industrial & Institutional W/S
(e.g. Fish Plants, Hospitals)
1.2.2 Commercial/Non-Residential Water and Sewage
1.2.1.5. Other Residential W/S Tax (Fee)
1.2.1 Residential Water and Sewage
1.2.2.4. Sewage Tax (Fee) Only (if Separate Tax (Fee))
1.2.2.3. Water Tax (Fee) Only (if Separate Tax (Fee))
Total 1.2.1 Residential W/S Tax (Fee)----------------------------------------------------------------------------------------
1.2.2.2. Water and Sewage Tax (Fee)
1.2.2.1. # of Commercial/Non-Residential Units
(Not Connected)
Total Number of Household Units ---------------------------------------------------
Total # of Comm./Non-residential Units --------------------------------------------
Page 8
# Assessed
the Tax
Tax Rate
Total Tax
$1,631,320.57
2.5%
$320,614.08
$0.00
$0.00
$0.00
4%
$300,000.00
$2,251,934.65
BOX C
$14,453,848.00
Total 1.3 Other Taxes ------------------------------------------------------------------------------------------------------------
1.3 Other Tax Information
1.3.4. Municipal Utility (Sales) Tax
1.3.3. Utility Tax
1.3.5. Direct Seller Tax
1.3.7. Tourist Accomodations Tax (By-Law Required, max 4% daily
rate)
1.3 Other Taxes
1.3.1. Poll Tax (No longer permited after 2027)
(Total of Boxes A, B and C)
Grand Total 1.0 Taxes and Related Revenue -------------------------------------------------------------
1.3.6. Other Authorized Taxes
1.3.2. Business Tax (attach tax structure)
Page 9
$57,120.00
$200,000.00
$12,000.00
$50,000.00
$500.00
$200,000.00
$5,000.00
$524,620.00
$124,100.86
$724,800.00
$1,000.00
$200,000.00
$40,000.00
$1,089,900.86
TOTAL 3.0 OTHER REVENUE FROM OWN SOURCES ------------------------------------------------------------
2.3 Transportation Services ---------------------------------------------------------------------------
3.3 Interest from Investments --------------------------------------------------------------------------
2.2 Recreation and Cultural Services ----------------------------------------------------------------
2.0 SALES OF GOODS AND SERVICES
3.1 Assessments, Levies, Fees and Charges ---------------------------------------------------------
3.0 OTHER REVENUE FROM OWN SOURCES
2.6 Tipping Fees -----------------------------------------------------------------------------------------
2.8 Other Sales of Goods and Services --------------------------------------------------------------
TOTAL 2.0 SALES OF GOODS AND SERVICES -----------------------------------------------------------------------
2.5 Animal and Pest Control Fees --------------------------------------------------------------------
3.2. Rental Income ---------------------------------------------------------------------------------------
2.4 Fire Protection Service Fees ----------------------------------------------------------------------
2.1 Garbage Collection Fees ---------------------------------------------------------------------------
3.4 Interest Collected on Overdue Accounts --------------------------------------------------------
3.5 Other Revenue From Own Sources --------------------------------------------------------------
2.7 Water Supply ----------------------------------------------------------------------------------------
Page 10
$358,765.64
(See page 2)
$70,981.30
$429,746.94
$71,932.52
$1,333,831.54
$1,405,764.06
$1,835,511.00
$0.00
$2,466,308.16
$2,466,308.16
5.2. Transfers from Authorized Reserves
4.2.1. Canada Community Building Fund (Gas Tax) --------------------------------------------
4.2 Federal Government Grants and Subsidies
4.1.1. Municipal Operating Grant ------------------------------------------------------------------
Total 4.1 Provincial Government Grants and Subsidies -----------------------------------------------------------------
4.1.4. Other Provincial Grants and Subsidies (Please attach list)-----------------------------
5.2.1. Canada Community Building Fund (Gas Tax) -------------------------------------------
4.1.2. Provincial Portion of Debt Charges --------------------------------------------------------
4.1 Provincial Government Grants and Subsidies
TOTAL REVENUE
5.1. Operating Surplus of Prior Year ----------------------------------------------------------------
TOTAL 4.0 GOVERNMENT TRANSFERS -------------------------------------------------------------------------------
Total 4.2 Federal Government Grants and Subsidies---------------------------------------------------------------------
4.2.2. Other Federal Grants and Subsidies
(please provide list) ---------------------------------------------------------------------------
5.0 OTHER TRANSFERS
4.1.3. Provincial Gas Tax Revenue ----------------------------------------------------------------
4.0 GOVERNMENT TRANSFERS
TOTAL 5.0 OTHER TRANSFERS ------------------------------------------------------------------------------------------
5.2.2. Other (please provide list) ----------------------------------------------
$20,370,188.02
Page 11
$1,101,214.60
Local Revenue 1
$14,453,848.00
Local Revenue 2
$524,620.00
Local Revenue 3
$1,089,900.86
$16,068,368.86
$358,765.64
$70,981.30
7%
$16,068,368.86
+
$358,765.64
+
$70,981.30
Municipal
Debt
Local
Revenue
MOG
Provincial Gas Tax
Revenue
=
7%
DSR (%)
$1,101,214.60
Provincial Gas Tax Revenue (4.1.3. Page 11) -------------------------------------------------------------------------------
Total Local Revenue ------------------------------------------------------------------------------------------------------------
Total Other Revenue from Own Sources (Page 10)------------------------------------------------------------------------
Total Taxes and Related Revenue (Page 9)----------------------------------------------------------------------------------
Total Sales of Goods and Services (Page 10)--------------------------------------------------------------------------------
Step 2: DSR Calculation
Step 1: Fill in the following information
Debt Servicing Ratio -------------------------------------------------------------------------------------------
Municipal Operating Grant (MOG) (4.1.1. Page 11) -----------------------------------------------------------------
Debt Servicing Ratio (DSR)
Municipal Annual Debt Payment (7.1.1 - Page 6) ------------------------------------------------------------------------------------------
Please Calculate the Debt Servicing Ratio (DSR):
Page 12
Budget Year
2026
$4,274,541.59
$1,352,500.15
$3,426,510.89
$3,101,625.00
$397,200.81
$2,703,245.88
$5,114,563.69
$20,370,188.01
$14,453,848.00
$524,620.00
$1,089,900.86
$1,835,511.00
$2,466,308.16
$20,370,188.02
6.0 Recreation and Cultural Services -------------------------------------------------
Expenditures
From The Municipal Budget Submission Form, the totals of the seven expenditure functions, the total expenditures, the totals of the five main revenue sources
and the total revenues are found in the appropriate boxes below.
Town of Happy Valley-Goose Bay
4.0 Environmental Health ---------------------------------------------------------------
Summary of The Municipal Budget Submission Form
3.0 Transportation Services ------------------------------------------------------------
Total Revenues -----------------------------------------------------------------------------------
5.0 Other Transfers -----------------------------------------------------------------------
4.0 Government Transfers ---------------------------------------------------------------
3.0 Other Revenue From Own Sources -----------------------------------------------
5.0 Planning and Development ---------------------------------------------------------
1.0 General Government -----------------------------------------------------------------
Name of Municipality
2.0 Protective Services --------------------------------------------------------------------
2.0 Sales of Goods and Services --------------------------------------------------------
1.0 Taxes -------------------------------------------------------------------------------------
Total Expenditures ------------------------------------------------------------------------------
7.0 Fiscal Services -------------------------------------------------------------------------
Revenues
Page 13