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Budget 2024: Shaping Our Community's Future

The 2024 budget process is underway. Deliberations will begin on Jan. 8 when the preliminary water and wastewater budget is presented to Council followed by the operating and capital budgets in February. Public input is invited, and upcoming meetings will provide opportunities for council members to make adjustments. Stay tuned for updates as we work towards a budget that aligns with our community's needs and priorities.

“The budget is the financial blueprint that guides our decisions. It serves as the foundation for maintaining our critical infrastructure and delivering the essential services which our community depends on.”

Mayor Peter Chirico

Understanding the City’s Budget

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 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 Approves 2024 Water and Wastewater Budget

North Bay, ON – Jan. 31, 2024 – North Bay City Council has approved the 2024 water and wastewater operating budget in the net amount of $26.2 million, with a shift in the rate structure that bases a larger portion of billing on volume of water used. Read More>

“Budgets go beyond numbers. They directly shape your daily experiences—whether it's having your road plowed or enjoying a city park. It's your tax dollars making these services possible.”

Deputy Mayor Maggie Horsfield

Your input matters

We value feedback from residents and businesses in shaping the City budget. Share your comments via email at 2024budget@northbay.ca or register to speak at an upcoming Council Meeting.

Timeline

Water & Wastewater

Jan. 8 to Jan. 10, 2024 - Special Committee Meetings will be held related to the 2024 Water & Wastewater Operating Budget and Water & Wastewater Rates.

Rates & User Fees Meeting

Jan.15, 2024 - Special Committee Meeting will be held to facilitate public meetings related to 2024 Water and Wastewater Rates and other User Fees.

Water & Wastewater Approvals

Jan.30, 2024 - A Regular Council Meeting will be held for Council to approve the 2024 Water & Wastewater Operating Budget, 2024 Water & Wastewater Rates and other User Fees.

Operating & Capital Budgets

March 4, 5, 2024 - Special Committee Meetings will be held related to the 2024 Operating Budget and 2024 Capital Budget.

Operating and Capital Budget Approvals

March 18, 2024 - A Special Council Meeting will be held for Council to approve the following the 2024 Operating Budget and 2024 Capital Budget.

Related Documents

Contacts

Margaret Karpenko, CPA, CMA

Chief Financial Officer / Treasurer margaret.karpenko@northbay.ca (705) 474-0400 ext. 2250

Shannon Saucier, CPA, CA

Director of Financial Services shannon.saucier@northbay.ca (705) 474-0400 ext. 2237