Sound finances for Edmundston: debt reduced by 32% in one year

Apr 15, 2026

Edmundston City Council has adopted the financial statements for the 2025 fiscal year. The standout figure of the year is a reduction in net debt of $8.5 M compared to the previous year, a decrease of 32% in a single year. Debt dropped from $26.7 M in 2024 to $18.2 M as of December 31, 2025, all while sustaining investments in municipal infrastructure.

For Edmundston Mayor Eric Marquis, these results are impressive given the challenging economic climate, both locally and across the country. “The Municipality continues to manage its spending in an exemplary manner. We are managing to reduce our debt year after year while at the same time increasing our capacity to invest in municipal infrastructure.”

These results are also accompanied by surpluses in all three operating funds. Under the budget method, the general operating fund shows a surplus of $64,162, the water and wastewater services fund records a surplus of $24,566, and the electricity production fund stands at $49,129. These figures include the new territories of Rivière-Verte and the former local service districts (LSDs) annexed by the province in 2023.

Under New Brunswick’s Local Governance Act, any surplus must be credited to the current account in the second following year. Accordingly, the surpluses from all three funds will be incorporated into their respective budgets in 2027.

Under the Canadian Public Sector Accounting Standards (PSAS), the consolidated surplus for Edmundston stands at $13.7 M. It should be noted that grants received under various projects are included in revenues, and amortization on capital assets is included in expenses.

Edmundston’s reserve funds total $17.1 M on the consolidated balance sheet, compared to $15.8 M the previous year.

The financial statements were presented by the firm Nadeau Picard et Associés, CPA, at the public meeting held on April 21. Copies of the 2025 financial statements are available at City Hall or can be downloaded from the municipal website under the “Regulations and Publications” section.

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CONTACT: Mayor Éric Marquis, 506.739.2115, eric.marquis@edmundston.ca