Property Taxes:
Budget & Finance
How Your Tax Dollars Work
The annual budget outlines how municipal resources are allocated to support services, infrastructure, and community programs. Comprised of two main components—Operating and Capital—the budget ensures the efficient delivery of day-to-day services while planning for long-term investments in the town’s growth and sustainability.
The Operating Budget covers the Town's operation costs and provision of services. Part of the operating budget is made up of wages and wage related costs. Other operating costs include supplies, software, contract payments, debt payments and transfers to reserves for future capital items.
The Capital Budget is for planned spending on Town assets and infrastructure. While regular repairs and maintenance are budgeted under operating, the capital budget is for major projects, replacement and capital assets.
Treasurer’s Statement of Remuneration and Expenses
As required under Section 284 of the Municipal Act, the Town publishes an annual statement detailing the remuneration and expenses paid to members of Council and to individuals appointed to local boards. This report supports transparency and accountability in the use of public funds. View the most recent Treasurer’s Statement here
Water Rate Study
Each year the Town is required to complete a Water Rate Study to review system costs, infrastructure needs and projected water usage. This ensures that water rates remain fair, transparent and financially sustainable. View the most recent study here.
Development charges are fees collected from developers to recover a portion of the growth-related capital costs needed to support new development. These fees are calculated through a Development Charges Background Study, which must meet the requirements of the Development Charges Act. The study analyzes future growth, identifies eligible capital projects, and determines the charges needed to fund those growth-related costs.
- View the current Development Charges Study
- Current Development Charge Fees
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