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Sarnia’s 2026 budget proposes tax hikes and borrowing, risking its debt-free goal by 2026.
Sarnia’s 2026 draft budget includes proposed property tax increases of 4.32% for homes near bus routes and 4.23% elsewhere, adding about $46 and $42 per $100,000 in assessment.
The city’s operating budget is projected at $196.8 million, up from $184.3 million.
Council approved potential borrowing of $4.1 million for a sports complex and $5 million for police station prep work, though full funding requests were reduced.
Mayor Mike Bradley can veto changes by December 5, with council able to override by a two-thirds vote by December 20.
The goal of being debt-free by January 2026 is now uncertain.
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El presupuesto de Sarnia para 2026 propone aumentos de impuestos y endeudamiento, arriesgando su objetivo de estar libre de deuda para 2026.