The Holt administration has increased funding for various initiatives in what Finance Minister René Legacy described as “the most substantial investment in infrastructure in the history of our province.” New Brunswick unveiled its capital budget for 2026-27 on Tuesday.
Legacy emphasized that the capital budget aligns with the current needs, stating, “These projects will enhance essential services for families and strengthen the core of vibrant communities.” The province is set to allocate over $200 million more than the previous year’s budget.
In the education sector, the Department of Education and Early Childhood Development will receive an additional nearly $49 million. While a significant portion of the funds will support ongoing school projects, the government highlighted six new major initiatives, including constructing new schools in Moncton and Woodstock and upgrading undisclosed schools in Fredericton and Rexton.
Legacy cited the rising population and aging infrastructure as key factors adding pressure on schools. He stressed the importance of robust educational institutions in community development and ensuring every student across regions has equal opportunities for success.
Regarding transportation, the Department of Transportation and Infrastructure saw the largest budget increase of $60 million. Legacy noted that a majority of the department’s $680 million budget will be directed towards enhancing roadways, bridges, ferries, and other transportation assets.
In health and housing, the Department of Health’s budget will rise by slightly over $21 million. This includes funding for the forthcoming endoscopy suite at the Dr. Georges-L.-Dumont University Hospital Centre. The government also committed $50 million for new public housing construction and an additional $15 million for non-profit housing providers, marking a significant increase in housing investment compared to previous years.
In response to recent wildfires, $6 million will be allocated to firefighting efforts, including support for aerial fire suppression and constructing a new warehouse for emergency resources. Additionally, $11 million is designated for capital investments in mine site infrastructure and reclamation projects.
While most departments received a moderate increase in capital budget, the Legislative Assembly maintained its funding level, and the Department of Environment and Local Government experienced a $400,000 budget reduction.
Interim Progressive Conservative Leader Glen Savoie expressed concerns about the budget surpassing the normal fiscal limits, highlighting the need for cost control measures. Green Party MLA Megan Mitton criticized the budget for not adequately addressing infrastructure gaps in schools, roads, and bridges.