Each year, the Town undertakes an extensive budgeting process. Managers review their department’s operating and capital budgets to determine their needs for the upcoming year. Through a series of meetings these budgets are reviewed by Council for a final determination. These meetings are open to the public.
On Tuesday, May 5, 2020, Council adopted the five bylaws which relate to the Town’s 2020 Budget and 5-Year Financial Plan.
The Town’s annual budget is comprised of three key components: Water Operations, Sanitary Sewer Operations and General Operations.
2020 Planned Capital Projects
The annual budget also plans for future Capital Projects. For 2020, the Capital plan totals $7.5 million. You can find more details about the Town’s planned capital projects here.
The annual budgeting process culminates in the creation of the Five-Year Financial Plan Bylaws and the Tax Rate Bylaws, both of which must be adopted by Council and then submitted to the Ministry of Community, Sport and Cultural Development by May 15th of each year.
To view current and previous financial statements, click here.