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      Budget and Finance

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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.

      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:

      • $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 $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:
      • $23.4 million in operating expenses
      • $21.2 million in capital expenditures
      • $3.0 million in water operations
      • $2.5 million for wastewater operations
      Budget Deliberations
      Date Documents Video Stream

      Monday January 16, 2023

      4:00 p.m.

      • Tabling of proposed 2023/2024 Budget presentation
      • Report - Proposed 2023/2024 Budget
       Watch the Meeting

      Wednesday, January 18, 2023

      1:00 p.m.

      • Severn Sound Environmental Association Presentation
      • Nottawasaga Valley Conservation Authority Presentation
      • Springwater Public Library Presentation
      • Barrie Area Physician Recruitment Presentation
      • Georgian Bay Physician Recruitment Presentation
       Watch the Meeting

      Friday, January 20, 2023

      9:00 a.m.

      • Proposed 2023/24 Multi-Year Budget Presentation
      • 2023 Blended Tax Rate Presentation
       Watch the Meeting

      Thursday, February 2, 2023

      5:00 p.m.

      • Updated Proposed 2023/24 Multi-Year Budget Presentation
       Watch the Meeting

      Wednesday, February 15, 2023

      6:30 p.m.

      • Report - Revised Proposed 2023/24 Budget & Business Plan
      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.

      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
      • 2021
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      • 2014
      • 2013
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      © 2019 Township of Springwater
      2231 Nursery Road
      Minesing, ON L9X 1A8

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