Town Budget

Latest Update

The 2024 Town Budget was approved by Council on Tuesday, April 2, 2024. 

View the Approved Budget

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 and Key Dates
2. Budget Factors and Guidelines
3. How to Participate
4. Previous Budgets

Budget Process and Key Dates

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.

2024 Town Budget Key Dates

December 15, 20232024 Proposed Budget posted on the Town website
January 8-11, 2024Committee of the Whole Budget Meetings
February 7, 2024Updated 2024 Draft Budget posted on the Town website
March 12, 2024Public Information Centre and Public Meeting for the 2024 Draft Budget
March 18, 2024Staff Report presented to Council outlining comments from the Public Meeting
April 2, 2024Council to review and approve the final 2024 Town Budget

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.

How to Participate

Council wants to hear from you. What Town services are important to you? What are your priorities and what would you like to see in our community? Provide your input and get involved in the budget process.

1. Attend an in-person meeting
A Public Meeting will be held on March 12, 2024, where you can speak directly to all of Council. Everyone is welcome.

2. Contact a member of Council
Council contact information can be found on the Council webpage.

3. Submit a letter or email
Correspondence can be sent to the Town Clerk. Contact the Town Clerk.

Previous Budgets

Budget YearApproval DateLink
2023March 27, 20232023 Approved Budget
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.