There will be no commercial or residential tax increases in the city of Mount Pearl for 2020.

The city tabled its $53-million balanced budget earlier this evening.

Included in the document is a $3.8-million investment to fund the replacement of city vehicles that are at the end of their life cycle – which will include the introduction of the city’s first electric vehicle to its fleet.

Also introduced is over $170,000 for climate change initiatives, and over $400,000 for economic development, which includes advancing work for the new Donovan’s Reimagination Plan.

Mayor Dave Aker calls the budget reflective of a city that strikes a balance between “practicality and progress” and continues the process of building the city for future generations.