Timmins city council has approved the 2025 taxation fund budget with a 3.43 per cent increase over last year.
“The taxation fund budget outlines how the city will collect, spend and invest funds to cover operating costs to maintain core services and direct investment in capital,” the city said in a news release Wednesday.
“The taxation fund budget is the city’s portion of the full municipal budget. This total is combined with approved budgets from the city’s agencies, boards and commissions (ABCs), MPAC property assessments and provincial education rates to arrive at the final property tax rate for 2025.”
Council is expected to approve the 2025 tax rates by April.
“The city’s approved portion of the municipal budget represents a balance between delivering quality core services today and setting Timmins up for a productive and sustainable tomorrow,” Mayor Michelle Boileau said in the release.
Hollinger Park upgrades
“Council continues to direct record investments in road rehabilitation and on improving our public parks and spaces. You’ll see upgrades to the Hollinger Park concert fields, installation of a dedicated cricket pitch, and money invested back into our facilities and arenas.”
The 2025 net operating budget in Timmins is $38,758,611. The operating budget covers the cost of daily public services, such as maintenance of city roads, public transit, garbage collection, snow removal, and parks and arena maintenance.
The 2025 net capital budget is $12,253,418, an 18.2 per cent increase from last year.
“Capital funds support the creation, repair, or replacement of municipal assets that are required to deliver daily services to the community, including infrastructure like roads,” the release said.
“This amount does not include capital expenses related to water and wastewater, which are approved as part of the separate utilities fund budget.”
Capital funds are also used for Golden Manor redevelopment and Connecting Link rehabilitation, with work completed in 2025 from Crawford Street to Porcupine Bridge.
For more information on the 2025 budget, click here.
