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    Budget and Finance

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    Council approves the Township of Springwater's budget on an annual basis. The capital budget covers building and rebuilding things such as roads, municipal facilities, or buying new vehicles. The operating budget covers the daily expenses of delivering municipal services, such as salaries and wages, supplies and energy costs.

    2022 Budget

    The 2022 Budget & Business Plan was approved by Council on December 16, 2021. Watch the final budget discussion for more information.

     Tax Change
    Springwater Council approved the 2022 Budget with a 2.73% tax increase over 2021 rates.

    When combined with the County of Simcoe approved budget with a 2%increase and the education rate which is expected to remain neutral, residents will see a 1.98% blended tax increase on their 2022 tax bill. 

    For every tax dollar spent:

    • $0.49 is retained by the Township of Springwater*
    • $0.33 goes to the County of Simcoe
    • $0.18 goes towards Education

    *includes Policing

    Tax Impact

    For an average home in Springwater assessed at $489,000, the approved blended rate amounts to a $79.87 increase over 2021 levels or $6.66 per month.

     Budget Breakdown
     The Township’s budget totals $48.6 million:
    • $22.9 million in operating expenses
    • $20.6 million in capital expenditures
    • $3.0 million in water operations
    • $2.1 million for wastewater operations
     Budget Deliberations

    Date Time Documents Video Stream
    Wednesday, November 17, 2021 6:30 p.m. to 9:00 p.m.
    •  Tabling of Proposed 2022 Budget Presentation
    Watch the Meeting
    Monday, November 22, 2021 6:00 p.m. to 9:00 p.m.
    • Springwater Public Library 2022 Budget Presentation
    • Barrie Area Physician Recruitment Presentation - Revised
    • Nottawasaga Valley Conservation Authority 2022 Budget Presentation
    • Severn Sound Environmental Association 2022 Budget Presentation
    Watch the Meeting
    Wednesday, November 24, 2021 1:30 p.m. to 6:00 p.m.
    • 2022 Budget Overview
    Watch the Meeting
    Monday, November 25, 2021 5:15 p.m. to 8:00 p.m.
    • Resource Capacity Presentation - CSPN
    • 2022 Budget Overview
    Watch the Meeting
    Wednesday, December 15, 2021 3:00 p.m. to 6:00 p.m.  
    • 2022 Budget Overview - December 15, 2021 - Revised
    Watch the Meeting
    Thursday, December 16, 2021 5:00 p.m. to 8:00 p.m.  
    • 2022 Budget Overview
    Watch the Meeting

    Supporting plans

    The Long Range Financial Plan guides growth management and financial sustainability over time. Our Asset Management Plan and Asset Management Policy help us anticipate infrastructure needs, building and other land improvements, and replacement of vehicles, machinery and equipment.

    Long Range Financial Plan update

    Springwater has retained Watson & Associates to update the Long Range Financial Plan to assist the Township with the financial evaluation of anticipated growth in the municipality.

    The Long Range Financial Plan aims to address the capital infrastructure needs and timing for tax-supported Township services, as well as rate-supported services such as water and wastewater. It will also determine capital financing; operating costs for infrastructure and services to accommodate new population and employment; comments on the potential impact on taxpayers over the planning horizon and provide the impacts of growth on the Township’s debt capacity

    Presentations and Reports:

    Springwater Long Range Financial Plan - Watson & Associates - January 20, 2021

    Long-Term Fiscal Impact Assessment of Growth, 2021-2041 - Watson & Associates - March 30, 2021

    Audited financial statements 

    Staff work with independent auditors to prepare audited financial statements. These reports examine our financial records and accompanying disclosures.

     Audited financial statements
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
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    © 2019 Township of Springwater
    2231 Nursery Road
    Minesing, ON L9X 1A8

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