No new taxes and continued decreases in fees in NL's 2025 budget

Earlier this month, NL Housing Corporation confirmed they could not find a successful bidder to build 50 new affordable units in Corner Brook. Coady says $113 million will be invested into public housing and they expect construction to start this year in Corner Brook 

Saying “we stand on the precipice of a new Newfoundland and Labrador, one that is defined in innovation, resilience and a commitment to the well being of every resident,” Finance Minister tabled the 2025 provincial budget in the House of Assembly yesterday (April 9). For the fourth consecutive budget, there will be no increases and continued decreases in taxes and fees, while investing in education for teaching services and technology for the classroom, access to health care and support for seniors. Coady says $200 million will be spent for workers affected due to the uncertainty of U.S. tariffs. 

Earlier this month, NL Housing Corporation confirmed they could not find a successful bidder to build 50 new affordable units in Corner Brook. Coady says $113 million will be invested into public housing and they expect construction to start this year in Corner Brook 

The budget also includes a $20 million increase to be able to hire more than 400 educators and learning assistants in K-12 classrooms. More than $400 million will be the total investment in Memorial University. $35 million will go towards Family Care Teams, $26 million to continue integration of ambulance services, including $8.5 million for the expansion of helicopter emergency medevac services. $15 million is being allocated for tourism, and $10 million to help locally-owned restaurants.