Budget and Finance

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.

2025/26 Budget

Each year, staff follow Council's direction and prepares the Township's annual budget. The 2025 Budget & Business Plan will be developed based on maintaining existing programs/services at current levels. Any service enhancements, reductions or new proposals will be presented as 'program changes' to allow Council to evaluate each on its own merit.

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

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