North Bay, ON – Jan. 12, 2022 – North Bay Council has approved the City’s 2022 budget.
The approved budget includes inflationary increases, addresses contractual labour increases and reflects the continued impact of the Covid-19 pandemic on municipal finances, including lost revenues. The budget is comprised of two components: operating and capital.
The approved 2022 operating budget includes gross operating expenses of $146,411,816 and a tax levy of $101,099,611, an increase of $4,137,927 or 4.27 per cent over last year. The overall tax levy impact on existing property owners equates to 3.99 per cent, when real assessment growth of 0.28 per cent, or $267,924, is considered.
For individual properties, the impact of the 2022 budget is dependent on assessed value and the tax rate, which will be set by Council at a future date.
The operating budget covers the costs of delivering services to the community, including snow removal, waste collection, fire services, recreation programs and additional service areas of roads, parks, playgrounds, arenas, sports fields and other facilities and infrastructure.
It also includes $44,514,533 in funding for service partners including the District of Nipissing Social Services Administration Board, North Bay Police Service, North Bay Public Library, Capitol Centre, Cassellholme, North Bay Jack Garland Airport and North Bay-Mattawa Conservation Authority.
Approved capital investment for 2022 includes $54,404,351 for vital infrastructure including support for the redevelopment of Cassellholme, a new Twin-Pad Arena/Community Centre (pending Council’s final approval) and improvement to roads and sidewalks and other core assets. An additional $14,354,131 will go to support the replacement and upgrade of water and wastewater infrastructure.
The 2022 budget also includes the continuation of a Property Tax Hardship Program, expanded police patrols of McIntyre Street parking garage and the hiring of a facilitator to oversee the implementation of the City’s Community Safety and Well-Being Plan.
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