Town Budget

2023 Town Budget 

The 2023 Proposed Budget will be released on January 13, 2023, for public review and input.

Each year, the Finance Department leads the preparation of the annual budget for the Town. As part of the Strategic Plan to ensure long-term financial stability of the community, the Town is committed to community involvement and feedback throughout the budget process. 

On this page:
1. Budget Process
2. Budget Factors and Guidelines
3. 2023 Budget and Timeline
4. Previous Budgets

Budget Process

Developing the annual budget involves several months of planning and coordination among Town Staff, Council, and stakeholders. This process involves extensive consultation with the public and ratepayers, ending with the development of a three-year operating budget and a five-year capital budget for the following year.

The Town’s budgeting goal is to ensure, through prudent fiscal planning, the long-term economic sustainability of the community.

Budget Factors and Guidelines

Resident, business and visitor demand for services and the community’s ability to pay for these services guide municipal spending. As infrastructure ages, funds must be committed for proper maintenance and refurbishment.

The Town recognizes that taxpayers are demanding value for their money. A balance must be achieved between demand for services and the taxpayers’ ability to pay for these services. The Town must ensure that services, programs, and facility commitments are sustainable now and in the future.

There are a number of factors that affect the preparation of the annual budget, including inflation, growth, development activity, economic trends, changing market conditions, taxation issues, and policy decisions of Council.

2023 Budget and Timeline

The 2023 Proposed Budget will be released on January 13, 2023, for public review and input. The proposed budget includes both Operating and Capital as well as proposed Fees and Charges. The 2023 Proposed Town Budget serves as a starting point for budget deliberations.

The proposed budget will be reviewed and deliberated by Council at a series of special budget meetings in early February 2023.

On February 14, 2023, following review and direction from Council, the budget document will be revised and the Updated 2023 Draft Budget will be posted to the Town website. Following the release of the 2023 Draft Budget, the Town will hold a Public Meeting to receive public feedback. Following the public meeting, a staff report will be presented to Council outlining the public’s comments from the Public Meeting.

Important Dates & Budget Documents

The following is a list of important dates in the 2023 Budget Process:

  • January 13, 2023 – 2023 Proposed Budget will be available on the Town's website.
  • February 1, 2023 - Committee of the Whole Budget Meeting #1
  • February 2, 2023– Committee of the Whole Budget Meeting #2
  • February 3, 2023– Committee of the Whole Budget Meeting #3
  • February 6, 2023–Committee of the Whole Budget Meeting #4
  • February 14, 2023– The 2023 Draft Budget will be available on the Town's website.
  • March 7, 2023 – Public Meeting for the 2023 Draft Budget and the following by-laws:
    • Notice of Public Meeting – Fees & Charges
    • Notice of Public Meeting – 2023 Budget
  • March 13, 2023– Committee of the Whole - Staff report outlining the public’s comments from the Public Meeting.
  • March 27, 2023– Council Meeting - Budget By-law Approved by Council

Previous Budgets

Budget YearApproval DateLink
2022February 28, 20222022 Approved Budget
2021February 8, 20212021 Approved Budget
2020March 30, 20202020 Approved Budget
2019April 24, 20192019 Approved Budget
2018February 12, 20182018 Approved Budget
2017February 13, 20172017 Approved Budget

2013-2016 Town Budgets

The Town is committed to creating an accessible online environment and ensuring that its web documents are available to everyone by meeting the requirements of the Accessibility for Ontarians with Disabilities Act (AODA).

As the Town’s Approved Budgets between 2013 and 2016 do not meet AODA standards, the documents are not posted on the Town’s website. If you would like an electronic copy of any of these Approved Budgets, please contact the Finance Department.

For more information on the AODA and accessibility, please visit the Accessibility page.

Related Documents and By-Laws