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.
2023/24 Budget
The 2023/24 Budget & Business Plan was approved by Council on February 15, 2023.
Tax Change | ||||||||||||||||||
Springwater Council approved the 2023 Budget with a 5.68% tax increase over 2022 rates.
When combined with the County of Simcoe approved budget with a 3.5% increase and the education rate which has remained neutral, residents will see a 3.92% blended tax increase on their 2023 tax bill. For every tax dollar spent:
*includes Policing |
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Tax Impact | ||||||||||||||||||
For an average home in Springwater assessed at $493,000, the approved blended rate amounts to a $162.54 increase over 2022 levels or $13.55 per month. | ||||||||||||||||||
Budget Breakdown | ||||||||||||||||||
The Township’s budget totals $50.1 million:
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Budget Deliberations | ||||||||||||||||||
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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.
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 |
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