North Bay, Ontario, reports a $2.1 million surplus in its capital budget from unspent project funds.

North Bay, Ontario, projects a $2.1 million surplus in its capital budget. The surplus stems from unspent funds across 248 active projects totaling $128 million as of September 30th. Key projects contributing to the surplus include the Main Street rehabilitation ($940,373), Lee Park watermain rehab ($600,000), and a digester project ($229,720). The city finances these projects through a mix of capital levies, debt, grants, and reserves.

November 24, 2024
9 Articles