Most Dieppe residents will see a three-cent property tax cut in the new year.

Council approved the city’s 2024 operating and capital budgets on Tuesday night.

The $79.1-million general operating budget will see the residential tax rate reduced to $1.41 per $100 of assessment.

“Since 2022, we have been able to reduce the tax rate for our residents by almost 20 cents per $100 of assessment,” Mayor Yvon Lapierre said in a news release.

“This is made possible by our continued strong growth and sound financial management.”

However, the roughly 800 residents living in the former Greater Lakeburn and Scoudouc local service districts will see a five-cent increase.

The new tax rate will be 59.45 cents for former Greater Lakeburn LSD residents and 51.77 cents for former Scoudouc LSD residents.

Council also approved the $16.1-million water and sewer budget, which will see annual bills remain at $948 for the fourth straight year.

Dieppe plans to spend just over $40 million on capital projects in 2024, according to figures from the city.

Some of the major capital projects include improvements to the Champlain/Acadie intersection and the addition of pedestrian crossings on Dieppe Boulevard.

The second phase of the Thomas Street realignment will also take place, which includes a traffic circle at the Lafrance/Gauvin intersection.