Fiscal 2026/27 Budget Summary

Budget Highlights

• $76.67m Operating Budget and $51.19m Capital and Project Budget.
• Tax rates remain at their current levels to provide ratepayer stability while continuing to provide efficient and effective services to residents.
• The Personal Property Tax Reduction amount for households with a total income below $48,000 have increased. Eligible applicants will now receive up to $630 in ratepayer relief.
• More than $4.39 million has been earmarked for grant programs and funding to community groups that will benefit a wide range of organizations and individuals. Highlights include the introduction of a District Activity Fund intended to provide Members of Council with a clear, transparent, and efficient way to allocate modest financial support to eligible non-profit organizations located within, or providing a direct benefit to, their districts. Increased support to Community Halls through an increased budget related to the CHAP grant stream, no reductions to any existing grant program stream.
• An enhanced Capital Reserve contribution of $1,655,000 will support long-term asset management plans and address the capital reserve deficit.
• An additional Operating Reserve contribution of $278,300 is intended to help offset unknown future expenditures.
• Assessment growth of 7.9% results from an increase of 2.6% on CAP eligible properties, with the remaining growth coming from new housing construction, major renovations, and housing sales. This enabled the Municipality to manage inflationary pressures and significant increases to mandatory provincial payments for education and policing services (increases of $708,100 and $377.700 respectively).
• The Capital & Project Budget funds 42 projects totalling $51.19m. The budget is centred on increased investment in infrastructure that is essential for the ongoing delivery of municipal services, with a strong focus on the replacement of end-of-life assets. Projects for the upcoming year also involve the continuation of initiatives that promote the key strategic priorities of the Municipality.

2026/27 Operating Expenditures Budget

Documents