Monday, November 1, 2010

City gets a peak at what future holds

The City of Thunder Bay got a sneak peak at its future tax levies.  It was part of the City Managers Strategic Plan update.  Tim Commisso says these figures are not set in stone and are managable.  The report shows a 1 to 3 percent increase over the next few years.  The Strategic Plan also shows a 1 percent increase in Gross Expenditures, and 1 percent increases in the tax levy and property tax assesment.  As part of his presentation to council, Commisso recommends the city embark on a corporate review process to see where there could be potential savings.