The City’s budget is a financial plan that describes how much money the City will raise and spend within the year. It is the blueprint that aligns the City’s priorities with the services delivered to residents and guides decisions on what City infrastructure will be purchased, built, and repaired. Operating vs. Capital vs. Water and Wasterwater Budget – what’s the difference? The City of North Bay has three annual expenditure budgets: the Operating budget, the Capital budget, and the Water/Wastewater budget.
The City’s operating budget covers day-to-day spending on services such as recreation, parks maintenance, landfill, city roads, garbage collection, transit, marina, and fire services. Approximately 69% of the City’s operating budget is funded through property taxes. The remainder comes from user fees, grants, internal transfers and other revenues.
The City’s capital budget funds assets that support service delivery. It includes the cost of purchase, construction, repair, and renewal of City assets such as roads, bridges, equipment, community centres, water, and wastewater treatment plants, and other major infrastructure projects.
The capital budget is separated into two parts: General Capital Budget and Water and Wastewater Budget. Revenue sources include grants, debentures, capital levy in the operating budget (i.e. property taxes or user fees), and reserve funds.
The water and wastewater budget ensures the City is able to provide sustainable water services, maintain current infrastructure, such as water pipes, and support the operation of the water and wastewater treatment plants and related infrastructure. The majority of the water and wastewater budget is funded through water and wastewater user fees.
North Bay City Council approved the 2023 water and wastewater operating budget in the net amount of $24.9 million during its regular meeting on Jan. 17, 2023.
Feedback from residents and businesses is an important part of the City budget process. Submit your comments by emailing firstname.lastname@example.org,or register to speak during an upcoming Council Meeting.
Every time you get a book from the library, take a ride on a transit bus or have your garbage and blue box picked up, you are using a City of North Bay service. City services touch every part of your life.
That’s why the budget planning process is so important – it sets the annual priorities for the City, i.e. where your tax dollars will be spent to maintain or improve services.
So where do your tax dollars go? What are you paying for? To the right, we’ve illustrated where and how your municipal tax dollars were allocated in City's 2022 Operating Budget.