The 2023 Annual Budget Update has been tabled
Follow the project for key dates, to receive updates, participate in open houses, and join us for our final Public Information Session.
2023 Annual Budget Update - Timelines and key dates
Tabling of the General Property Tax & Water/Wastewater & Treatment Budgets December 6, 2022, 4 p.m. at Strategic Priorities and Policy Committee
Budget Public Participation Meeting January 17, 2023, 4 p.m. at Strategic Priorities and Policy Committee
Property Tax & Water/Wastewater & Treatment Budget Review January 26, 2023, 9:30 a.m. at Strategic Priorities and Policy Committee January 27, 2023, 9:30 a.m. (if needed) at Strategic Priorities and Policy Committee
Property Tax & Water/Wastewater & Treatment Budget Approval February 14, 2023, 1 p.m. at Council
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Previous Annual Budget Updates
2022 Approved Annual Budget Update
2021 Approved Annual Budget Update
The City's first Annual Budget Update to the 2020 to 2023 Multi-Year Budget was approved by Municipal Council on January 12, 2021. A combined Executive Summary of this annual update is provided in the following document:
Below you will also find the detailed approved Annual Budget Update documents for the property tax, water rate, and wastewater rate supported budgets.
What is an Annual Budget Update? Why is it necessary?
What is an annual budget update to the multi-year budget?
An important element of the Multi-Year Budget is the annual budget update process. It is required under the Municipal Act, 2001.
- Council must readopt the budget that year, and each subsequent year, for which the multi-year budget applies.
Annual budget updates provide Council the opportunity to change the budget for special circumstances that require funding and resource adjustments. This can be done by one of three types of budget amendments:
New or Changed Regulation - A new or changed legislation or regulation with a financial impact to the municipality
New Council Direction - A new Council direction that has transpired after the approval of the multi-year budget
Cost or Revenue Driver - A corporate or service area budget shortfall as a result of changes in economic conditions