Approved 2024-2025 Budget

Approved 2024-2025 Budget

Following deliberations by the Finance and Administration Committee, City Council approved the 2024-2025 municipal budget. The approved budget represents a 5.9 per cent tax change for residents in 2024 and a 7.3 per cent tax change in 2025, which will undergo Council review.

For a homeowner with a home assessed at $350,000 the approved budget means a monthly change of approximately $26.

The 5.9 per cent property tax increase can be broken down as follows:

  • A 0.5 per cent decrease in the operating budget for maintaining municipal services.
  • 0.7 per cent for provincially mandated programs.
  • 2 per cent contribution to capital.
  • 1.5 per cent capital levy.
  • 2.2 per cent for service partners, including Greater Sudbury Police Service, Public Health Sudbury & Districts, Greater Sudbury Public Library and Conservation Sudbury.

The municipal budget includes significant investments in numerous priority areas, including road work, transitional housing, major building repairs, community services and water and wastewater projects.

Read the News Release