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.
2020 Budget
Following Council’s direction, Township staff have prepared the proposed 2020 Budget & Business Plan. The proposed Budget outlines how the Township allocates resources to deliver programs and services. Council will deliberate the proposed budget at the following meetings:
Schedule:
November 20, 2019 – 6:30 p.m. – Proposed 2020 Budget & Business Plan presentation to Council and the public
November 25, 2019 – 6:00 p.m. – Service Partner Presentations
November 27, 2019 – 3:00 p.m. – Draft Operating Budget
December 2, 2019 – 4:00 p.m. – Draft Operating Budget (continued)
December 9, 2019 – 6:00 p.m. – New Initiatives, Capital Budget & Ten-year Capital Plan
December 18, 2019 – 6:30 p.m. – Budget Approval (tentative)
Follow along with the deliberations using the 2020 Budget Overview and the 2020 Capital Budget Presentation.
The public is invited to attend all budget meetings or view the live stream online at www.springwater.ca/live
2019 Budget
View the 2019 Budget and Business Plan approved by Council on February 20, 2019. Watch the final budget discussion for more information.
Tax change |
The blended tax increase is 1.76% over 2018 rates. For every tax dollar paid by Springwater property owners:
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Tax impact |
Residents will see an increase of $67.18 over 2018 based on an average residential property valued at $451,393, or $14.88 per $100,000 of property assessment. |
Budget breakdown |
The Township's budget totals $40.7 million:
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Budget deliberations |
Council discussed the budget over a series of special budget meetings on: See the agenda for details and budget presentations. |
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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