City council has unanimously ratified the 2025 Operating Budget, finalizing a financial plan that balances strategic investments in the community with long-term financial stability. The approved budget reflects a municipal tax levy increase of 3.77 per cent, remaining under the 3.8 percent target while ensuring continued support for essential services, infrastructure and future growth.

“This budget strikes a balance between maintaining the services residents rely on today and planning for the future,” said Keri Greaves, Commissioner of Corporate Services & City Treasurer. “By keeping the increase under 3.8 per cent, we are acting responsibly while setting Thunder Bay up for long-term sustainability.”

The budget supports key municipal services, including emergency response, road and infrastructure maintenance, transit and community programs, while also prioritizing strategic initiatives that encourage economic and population growth.

Residents were encouraged to provide feedback through an online survey, with results shared with City Council ahead of final deliberations.

“Budgets affect everyone, and we want all residents to have the opportunity to learn, ask questions and share their priorities,” said Greaves. “While participation levels were lower than expected, we remain committed to strengthening engagement efforts in the future. We continue to explore new and creative ways to make participation more accessible and meaningful, from digital tools to community outreach.”

With the 2025 Municipal Budget now approved, Administration will begin planning next year’s engagement process, creating more opportunities for residents to be informed and involved throughout the year-long budget cycle.

For more information on the 2025 Operating Budget, visit: www.thunderbay.ca/budget

 

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Media contact:           Stacey Levanen, Supervisor – Corporate Communications & Community Engagement, 807-625-3650