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. Previous Budgets
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.
|Budget Year||Approval Date||Link|
|2022||February 28, 2022||2022 Approved Budget|
|2021||February 8, 2021||2021 Approved Budget|
|2020||March 30, 2020||2020 Approved Budget|
|2019||April 24, 2019||2019 Approved Budget|
|2018||February 12, 2018||2018 Approved Budget|
|2017||February 13, 2017||2017 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.