Sudbury council approved 2025 budget with 4.8% tax increase
CTV
Sudbury city council approved its 2025 municipal budget Tuesday evening with a tax increase of 4.8 per cent.
Sudbury city council approved its 2025 municipal budget Tuesday evening with a tax increase of 4.8 per cent.
In 2023, council voted in favour of a multi-year budget, which meant the approval of a two-year operating budget and a four-year capital budget.
"By provincial law, we can table a two-year … budget, but we have to reapprove it every year," said Ward 9 Coun. Deb Mcintosh, who chairs the finance and administration committee.
The approved operating budget is $800.2 million for 2025, while the 2025-2027 capital budget amounts to $652.3 million.
"Last year we approved for 2025 a 7.3 per cent increase in property taxes or in the budget, actually. And of course, we tabled a motion to ask staff to come back with reductions to get us down to 4.9 per cent,” Mcintosh said.
"Yesterday afternoon we landed at 4.8 per cent. So, we came within where we wanted to come."
