The city’s elected officials unanimously greenlit a 2024 tax plan to implement the 5.9% overall municipal tax levy increase they approved during budget deliberations late last year
Greater Sudbury’s elected officials have greenlit a 2024 tax plan with a 5.4-per-cent residential tax hike, 4.7-per-cent commercial tax jump and a 3.4-per-cent increase for industrial properties.
City council’s in-depth budget debates took place last year, when they approved their first multi-year budget, which includes two years of operating budgets and four years of capital budgets. The only change in ratios within the 2024 tax plan were to industrial rates, which the city is slowly easing down over multiple years to eventually hit the provincial threshold of 2.63, which they currently exceed. This year’s industrial rates decrease shifted $512,500 in budgeted tax revenue from industrial properties onto other property classes.
These four classifications are career/urban , composite/commuter , volunteer/commute and volunteer .
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