THUNDER BAY – The mayor is happy to have the 2024 budget process completed.
On the heels of the city approving the budget with a tax levy of 5.47 per cent after growth and 5.91 per cent before growth, Mayor Ken Boshcoff said that number is comparable to other municipalities across the province.
“When I look at the other numbers, we are still in the lower echelon and we will work hard to keep it where we are,” Boshcoff said. “I congratulate council on biting the bullet on a lot of things and getting the process done.”
During the long-term financial outlook, staff were projecting the municipal tax levy increase would be between 4.4 and 4.8 per cent based on estimated annual growth of $1.2 million in 2025 and $1 million thereafter.
“We have a large territory of city to manage and a lot of demands on service. I am not fearful of the future, but the reality is that things are going to get a lot more difficult simply because of the way inflation is working against us.”
Boshcoff also unveiled on Feb. 12 that his state of the city address will happen on Monday, March 11 at 6:30 p.m.
He titled the address “All roads lead to Thunder Bay,” stating that it emphasizes the city's strategic location and the vast opportunities it offers.
