Following the public hearing for the City of Thompson’s financial plan last week, council will vote on it at tonight’s meeting.

 

This year’s plan has been budgeted at almost 55.9 million dollars.

 

One highlight of the budget was the municipal property tax freeze, meaning the mill rate will remain at 26-point-one-five.

 

City manager Anthony McInnis explained at the presentation this was made possible due to a withdrawal from the general reserve of just over 255 thousand dollars to fund operating expenses, increasing revenues based on the past year’s trends, and decreasing expenses.

 

Additionally, the business tax rate remains at three-point-nine-nine per cent and the special levy for water repairs is at 83 dollars and 75 cents.

 

The draft financial plan can be found on the City of Thompson’s website.