City Council ratifies multi-year capital budget
Thunder Bay’s first-ever multi-year capital budget received its final stamp of approval at the final City Council meeting of the year on Tuesday.
The budget was passed with no amendments.
Councillors offered little in the way of commentary: their questions were addressed at a committee of the whole meeting last week.
The multi-year budget pledges $160 million in spending in 2026 and $148 million in 2027.
The most significant items are $20 million for the redevelopment of the Central Avenue lands, $20 million for transit upgrades including bus electrification, $21 million to construct an organics processing facility, and $12 million for improvements to the Superior North EMS headquarters.
The capital budget calls for a 2.6 percent tax increase in 2026 and a 2.1 percent increase in 2027.
Approximately one-third of the city’s capital expenses will be covered by federal and provincial funds.
