Budget and Financial Reporting

The Township's annual budget process consists of the review of the Ten Year Capital Plan and of the Annual Operating Budget. The review by members of Council takes place over several meetings scheduled early in the calendar year.

A portion of the municipal budget is supported by the General Tax Rate and the remainder is funded by a combination of user fees and other revenue sources for water and sewer services, transit service and ferry service.

2021 Budget Information

By-law adopting the 2021 Operating and Capital Budgets

At the March 22, 2021 regular Council meeting, Council enacted and passed the budget by-law for adoption of the 2021 Operating and Capital Budgets.

Frequently Asked Questions

A list of frequently asked questions have been compiled to answer some common questions received by residents.

2021 Draft Budget Presentations

2021 Budget Binder

2021 Budget Binder (large file size - 9 MB)

Video Recordings from 2021 Budget Meetings

January 25, 2021
January 28, 2021
March 8, 2021 (Public Presentation and Public Meeting)
March 15, 2021
March 22, 2021 (Adoption of 2021 Operating and Capital Budgets)

Budget Timeline

December 7, 2020 - Preliminary Budget report presented to Council at Committee of the Whole and budget deliberation meeting dates in early 2021 were approved.
January 25, 2021 - First of two Committee of the Whole Budget meetings. At this meeting, Council received a presentation regarding the proposed 2021 Operating Budget.
January 28, 2021 - Second of two Committee of the Whole Budget meetings. At this meeting, Council received a presentation regarding the proposed 2021 Capital and Utilities Budget. A public notice will be added to the February 8, 2021 Council agenda, requesting public feedback on the proposed 2021 budget. Public feedback will be accepted between February 8, 2021 and March 8, 2021.
March 8, 2021 - A public presentation of the Draft 2021 Operating and Capital Budgets and public comments were shared with Council. Following public feedback, Council scheduled a Committee of the Whole meeting for March 15 at 6:00 p.m. to review all the feedback received. Council also directed staff to prepare various scenarios based on a 2%-3% tax increase.
March 15, 2021 - Council were presented with a compilation of public feedback and received a staff presentation with various scenarios based a 2%-3% tax increase. A motion was carried that the by-laws to adopt the 2021 Operating and Capital Budgets, as amended, be presented at the March 22, 2021 Regular Council meeting for adoption.
March 22, 2021 - Council enacted and passed By-Law 2021-017, a By-law to adopt the estimates of all sums required for 2021