Budget and Finance

2026/27 Budget

The 2026/27 Mayor's Proposed Budget & Business Plan has been developed based on maintaining existing programs/services at current levels. Any service enhancements, reductions or new proposals will be presented as 'program changes'.

The Mayoral direction MDIR-2025-004, issued on November 6, 2025, instructs staff to implement necessary amendments to the 2026/27 Mayor's Proposed Budget and Business Plan.

The following Mayoral directions have been issued as they relate to the 2026/27 Mayor's Proposed Budget & Business Plan:

June 19, 2025 - MDIR-2025-002
October 16, 2025 - MDIR-2025-003

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.

Tax Change

Residential Tax Levy	2025	2026	Change ($)	Change (%)
Township of Springwater - Base Budget	2,281.72	2,463.62	181.90	7.97%
County of Simcoe - Estimated	1,542.47	1,604.17	61.70	4.00%
Education - Estimated	760.41	760.41	-	0.00%
Total	4,584.60	4,828.20	243.60	5.31%

For every tax dollar spent:

$0.51 is retained by the Township of Springwater
$0.33 is retained by the County of Simcoe; and
$0.16 goes towards Education.

Tax Impact

For a typical single-family home in Springwater assessed at $497,000, the proposed base budget amounts to $243.60 over 2024 levels or $20.30 per month.

Budget Breakdown

The Township’s budget totals $96.5 million:

$30.4 million in operating expenses
$38.5 million in carry forward capital projects
$20.7 million in new capital expenses
$3.5 million for water operations
$3.4 million for wastewater operations

Schedule

Date

Documents

Video Stream

Tabling of Budget and Council Amendments

Wednesday, November 12, 2025 at 6:30 p.m.

Service Partner Presentations

Wednesday, November 19, 2025 at 6:30 p.m.

Under Ontario’s Strong Mayor legislation, which came into effect in the Township of Springwater on May 1, 2025, the Mayor is to propose a budget to Council by February 1, 2026. Under this framework, the Mayor presents a proposed budget to Council that sets out how the Township will allocate resources to deliver everyday programs and services for residents and businesses.

To learn about the 2026 budget process under Strong Mayor's Powers view the flowchart.

Get Involved

Have your say! Complete the 2026 Budget survey. The Township of Springwater is working towards learning more about the priorities and preferences of Springwater residents, and this survey is your opportunity to help us spring forward in Springwater. Have your say by completing the budget survey by November 7, 2025.

2026 Budget Tool

Explore detailed insights on the 2025/26 and 2024/25 Budgets. Below, you will find comprehensive information on each budget for your reference.

2025/26 Budget

The 2025/26 Budget & Business Plan was approved at the December 18, 2024, meeting of Council.

Tax Change

The Township’s budget was approved with a 5.78% Township tax increase over 2024 rates. When combined with the County of Simcoe’s approved tax increase of 3.625% and no change to the education rate, residents can expect to see a 4.06% blended tax increase on their 2025 property tax bill.

For every tax dollar spent:

$0.51 is retained by the Township of Springwater
$0.33 is retained by the County of Simcoe; and
$0.16 goes towards Education.

Tax Impact

For a typical single-family home in Springwater assessed at $497,000, the approved blended rate amounts to $179.44 over 2024 levels or $14.95 per month.

Budget Breakdown

The Township’s budget totals $89.3 million:

$27.7 million in operating expenses
$33.8 million in carry forward capital projects
$21.4 million in new capital expenses
$3.4 million in water operations
$3 million for wastewater operations

Schedule

Date	Documents	Video Stream
Wednesday, November 6, 2024 6:30 p.m.	Presentation	View Meeting
Monday, November 18, 2024 5:00 p.m.	Agenda Georgian Bay Physician Recruitment Presentation Barrie Area Physician Recruitment Presentation Elmvale BIA Presentation Nottawasaga Valley Conservation Authority Presentation Severn Sound Environmental Association Presentation Springwater Township Public Library Presentation	View Meeting
Wednesday, November 20, 2024 2:00 p.m.	Agenda Presentation	View Meeting
Monday, November 25, 2024 5:00 p.m.	Agenda	View Meeting
Wednesday, November 27, 2024 1:00 p.m.	Agenda	View Meeting
Tuesday, December 3, 2024 3:00 p.m.	Agenda Presentation	View Meeting
Wednesday, December 18, 2024 6:30 p.m.	Agenda Report	View Meeting

2024/25 Budget

The 2024/25 Budget & Business Plan was approved by Council on December 6, 2023.

Tax Change

The Township’s 2024 Budget was approved with a 1.22% net tax increase over 2023 rates. When combined with the County of Simcoe’s approved tax increase of 3.7% and the education rate which is assumed to remain neutral, residents can expect to see a 1.83% blended tax increase on their 2024 property tax bill.

For every tax dollar spent:

$0.49 is retained by the Township of Springwater
$0.34 is retained by the County of Simcoe; and
$0.17 goes towards Education.

Tax Impact

For an average home in Springwater assessed at $497,000, the approved blended rate amounts to a $79.34 increase over 2023 levels, or $6.61 per month.

Budget Breakdown

The Township’s budget totals $70.9 million:

$24.9 million in operating expenses
$20.9 million in carry forward capital projects
$19.3 million in new capital expenses
$3.2 million in water operations
$2.6 million for wastewater operations

Schedule

Date	Documents	Video Stream
Wednesday, November 1, 2023 6:30 p.m.	Presentation	View Meeting Presentation begins at 46:20
Monday, November 13, 2023 5:00 p.m.	Agenda South Georgian Bay Physician Recruitment Presentation Barrie Area Physician Recruitment Presentation Nottawasaga Valley Conservation Authority Presentation Severn Sound Environmental Association Presentation Springwater Public Library Presentation	View Meeting
Wednesday, November 15, 2023 1:00 p.m.	Agenda Presentation	View Meeting
Monday, November 20, 2023 5:00 p.m.	Agenda Presentation	View Meeting
Wednesday, November 22, 2023 1:00 p.m.	Agenda Presentation	View Meeting
Wednesday, December 6, 2023 6:30 p.m.	Report	View 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.

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