Nearly half of North Bay's reserve funds already committed

The City of North Bay has more than $60.6 million in reserves, according to its latest reserve fund report.The reserves are split into two categories — discretionary reserves and obligatory reserves.Each reserve category has capital and operating reserves.Total discretionary reserves closed 2025 at $89.1 million and are projected to decrease to $55.3 million after planned commitments, according to the report.“These balances are being strategically drawn down to fund capital projects