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THUNDER BAY, ON  –  April 28, 2014 The Thunder Bay Chamber of Commerce continues to urge City Council to implement cost controls and they should start that process immediately to Thunder Bay Chamber of Commercefind internal cost savings to offset the projected $5.73 million budget overage.
Charla Robinson
In recent months, businesses and residents have also been challenged by the increased cost of snow removal, hydro, and gasoline, in addition to rising water, wastewater, and landfill rates. As a result, business owners have looked internally for ways to reduce operating costs and improve efficiency in order to maintain profitability and residents have had to pare down household budgets to live within their means.

Chamber President Charla Robinson says, “Our analysis indicates that there is room for cost savings, showing that costs are higher in 20 of 27 expense categories when compared to other Ontario communities. We know that these are tough decisions and offer our support to Council as they explore all options to reduce operating costs to meet this financial challenge; however, the Chamber will not support an additional increase in the 2014 tax levy.”

The Chamber has often encouraged City Council to take steps to reduce non-core business activities, streamline operations and become more efficient to make our community more competitive. The Chamber’s report on municipal finances is available at www.tbchamber.ca/cost-control/

The Chamber of Commerce is the voice of business for nearly 1,100 businesses employing over 15,000 individuals in the community.

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