The Town of Three Rivers, Prince Edward Island, is reporting a strong financial finish to the 2026 fiscal year, with a surplus that will support continued services and community programming. According to Council Highlights from the May 11, 2026 meeting, the town ended the year with an overall positive variance of $668,424. This result comes from revenues that surpassed the budget by $418,438, combined with expenses that were $249,986 lower than anticipated.
The town attributes this revenue growth largely to increased property tax collections, a result of steady development across the municipality. Since the town was incorporated in 2018, property tax revenue has climbed from just over $700,000 to a projected $2.5 million for the upcoming 2026-27 period, and it now makes up more than half of the total town revenue. This development trend remains active, as more than 20 new permits were issued in April 2026 alone.
Following a near-record 2025 where 220 planning approvals represented over $60.4 million in construction value, the town is looking toward continued growth. During a meeting on March 16, 2026, Chief Administrative Officer John Jamieson presented a 2026-27 operational budget of $4.79 million. This budget, which was passed with no tax increases, projects total revenue of $5.2 million and includes a planned surplus of $443,264 to help maintain financial stability.
These funds are helping the municipality manage essential services, including protection, infrastructure, and local recreation programs. The town’s financial health also benefits from federal support, such as the Housing Accelerator Fund, which is assisting with the development of 116 new housing units and upgrades to water and sewer systems.
