The City of St. John’s is holding the line on property taxes for the next 12 months.

But beyond that, council warns there’s no guarantees without changes at the federal and provincial levels.

The city released its 2025 budget yesterday, maintaining the status quo with services amid no property tax increases.

But with those taxes accounting for 70 per cent of the city’s revenue, the writing may be on the wall.

Mayor Danny Breen says a new funding model is needed to address the new-age demands on municipalities.

“We seem to be in a place where we have antiquated legislation and an antiquated fiscal framework to deal with modern-day problems,” he said. “We’re looking to the federal government to see if there’s another way that we can fund and take some of the pressure off property tax payers, the residents, in that manner.”

Breen says while that’s mostly in the feds’ court, he said the province could help by paying a portion of the HST increase to municipalities, based on population.