2018 Budget

Suburbs

The budget is the City of Kitchener's annual financial plan and the primary basis of financial decision making. The budget process allows council to prioritize the programs and services delivered by the city and sets direction for the work to be completed over the upcoming year as well as future years referenced in the budget forecast. Highlights of the approved budget are provided below.

2018 approved rate increases

The 2018 approved rate increases and impact to the average homeowner are calculated on a medium-sized single detached home valued at $300,000, and the utility rates are based on water consumption of 204m3.

The approved rate increases are as follows:

  • Property tax increase is 1.60 per cent or $17 annually.
  • Stormwater utility increase is 9.90 per cent or $14 annually.
  • Water utility increase is 4 per cent or $20 annually.
  • Sanitary sewer utility is 6.9 per cent or $39 annually.

The total impact annually on the average household is $90. Totals may differ due to rounding.

Other budget highlights

Operating and capital budget approval date: Jan. 22, 2018

Approved net tax levy: $118,525,054

Assessment growth: 1.59 per cent

Background information

Below are the detailed reports presented to council as part of the 2018 budget process:

Other financial resource

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