On Tuesday evening, the City of Thompson presented it’s 2025 Financial Plan at a Public meeting at City Hall.

Mayor Colleen Smook shares the dollar figure of this year’s budget here.

“So the overall budget for 2025 is $56.6 million, up from 41.5 last year. The 15 million difference is mostly accounted for by an increase in grants from the federal and provincial government.”

Smook said some people will face steep property tax hikes this year, due to assessments that took place over the past year.

While business and commercial property taxes will decrease, residential properties will see an increase.

The payment deadline for this year’s taxes have once again been extended until October 31st.

View the financial plan on the city’s website at Thompson.ca.