Budget and financial reports


Striking a balance between offering valued community services and programs, making strategic investments in community priorities and keeping property taxes to a reasonable rate are among our top priorities - a level of commitment we share with city council.

Each year, city council approves an annual budget, made up of three parts:

  • Operating budget - funded primarily through property taxes and user fees; used to operate our facilities and provide municipal services and programs to residents.
  • Capital budget - funded through property taxes, city enterprises, development charges, debt and grants; used to either build or rehabilitate assets that will last for more than one year.
  • Reserve funds - used for reasons such as tax stabilization, equipment purchases and sick-leave costs.

Discover how you can get involved in the 2019 budget process by clicking here. The annual budget covers all of the city's operational areas, including fire service, community services and operations, culture, planning and economic development, to name only a few.

Check out the following video to see 'How your city budget works.'

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