THUNDER BAY -- The city might get more money from Tbaytel in the coming years and put it in reserves.
Money from the municipally owned company goes back to the city as a fixed dividend, a performance dividend and a special dividend.
The fixed dividend could go from $17 million to $17.25 million this year.
Next year that figure would rise to $17.375 million and then $17.5 million for 2018 and 2019.
The $17 million would still head to general revenue but it's recommended that the extra money head to the city's rate stabilization reserve fund, which if the city is short its expected $1.7 million for 2015 would be virtually depleted.
The performance dividend, which has raised $2.66 million since 2009 , and the special dividend, $15 million since 2009, would still head to the Renew Thunder Bay fund.
