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Tax levy rises 1.5 percent in North Bay

The tax levy is going up slightly in North Bay.  The rise amounts to 1.5 percent, the lowest in years as the city gets ready to spend $118-million next year.  Deputy mayor and budget chairman Sheldon Forgette says there’s a major reason why this year’s increase is very small.   The City is using about $25-million of North Bay Hydro money to reduce debt, stabilize future tax levies and pay off the hospital commitment.

The proposal passed the committee stage Monday night and the full council votes on the matter in the New Year.  Details of the 2016 operating budget were presented by the City’s chief financial officer, Margaret Karpenko and that was followed by individual presentations of the chairs of each council committee.

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