- June: The budget guideline for the following years plan is developed
- September to November: The user fee review is completed
- September to November: The Twenty-Five Year Capital Plan is updated
- November to January: The Budget Proposal is prepared
- February to April: The Budget Proposal is introduced and reviewed
- May 15: The statutory deadline for budget and tax rate bylaws approval
- Property taxes
- Utility fees
- User fees (such as parking meter fees; dog and business licences; parking and building permits; recreation programs including pools, rinks, and fitness centres)
How is the budget created?
How do you fund the budget?
Over half of our operating revenues come from property taxes paid by residents and businesses. Almost one quarter comes from fees and other revenues, with the remainder from utilities.
Can you incur debt?
Municipal governments are required by provincial legislation to balance their budgets. While a municipality can incur debt to pay for large capital acquisitions, it cannot incur a deficit to fund day-to-day operations the same way senior levels of government can.
What is the different between the operating and capital budgets?