2020 operating and capital budgets approved

North Bay, ON – Dec.10th, 2019North Bay Council has approved the City’s operating and capital budgets for 2020.

The 2020 operating budget maintains current service levels and continues investments in infrastructure, while supporting local service partners such as public health and social services.

The total tax levy of $93,795,441 is up 4.8 per cent over last year. Of that, 2.31 percent represents investment in infrastructure, while 1.85 per cent represents municipal contributions to the budgets of local service partners.

Operational costs within city departments, including wages, insurance, hydro, winter maintenance, etc., are up by 1.58 per cent, but have been offset by additional provincial support provided through the Ontario Municipal Partnership Fund, as well as new assessment growth representing 0.72 per cent and 0.22 per cent respectively.

"North Bay’s 2020 budget maintains current service levels and helps to address our need to re-invest in our aging infrastructure,” said Deputy Mayor Tanya Vrebosch, the City’s Budget Chief. "This budget allows staff to continue to provide vital programs and services that our City’s neighbourhoods and businesses count on every day."

General capital and water and wastewater capital budgets totalling $47,096,901 include the ongoing maintenance and improvement of roads and facilities, as well as support for projects such as the redevelopment of Cassellholme Home for the Aged and a new community centre/twin-pad arena in West Ferris. Other major projects include Phase 2 of the Cassells Street Reconstruction Project and rehabilitation on Carriage Crescent.

With the operating budget now approved, Council will set policies in April to determine the tax rates for the various tax classes based their percentage of the total levy. The impact of the budget on individual properties is dependent assessed value and the tax rate.

Contacts

Gord Young
 Communications Officer
 705 474-0626 ext. 2505