There will be no tax increases from the City this year for Thompson home owners and businesses.

That was finalized at Monday’s city council meeting with the passage of the 2023 financial plan.

The mill rate remains the same as 2021 and 2022 at 26.15 mills and the business tax remains at 3.99 per cent.

Deputy Mayor Kathy Valentino broke down the city’s financial plan in her presentation at Monday’s City council meeting, indicating the two largest expenditures in this year’s budget were capital projects at $16.8 million and protective services, which came in at $12.1 million.

Overall, the budget for the City of Thompson for 2023 comes in at just over $51-million.

For the full budget breakdown, go to thompson.ca.