2016 Budget

Image of 2016 Budget logo. Be informed. Be part of the budget process.

Oakville is committed to offering valued services and programs to residents and making strategic investments in community priorities.

On December 14, meeting its commitment to keep the overall property tax increase in line with inflation Oakville Council unanimously approved a 2.4 per cent increase to the town’s portion of the tax bill. When combined with the expected regional increase and estimated education tax rates the overall property tax increase is 1.66 per cent or $14.14 per $100,000 of assessment. This means a home assessed at $400,000 would pay an additional $56.56 per year or $1.09 per week.

The approved $371 million combined operating and capital budget provides a wide range of programs and services including winter road maintenance, parks and trails, harbours, transit, emergency services, recreation and culture, senior services, libraries, and to keep the town’s roads and community facilities in a state of good repair.

Some program enhancements recommended for 2016 include funding for the first year of a multi-year transit service plan, the introduction of the Radio Frequency Identification (RFID) system in town libraries, and increased resources to meet recreational program demands. There’s also an additional $3,600 for the Oakville Arts Council grant funding and $3,600 for Sports Oakville grant funding for local groups. In addition, Council agreed to the Budget Committee’s recommendation to cut $83,900 in Council related costs from the budget.

The Capital Budget and 2016-2025 Capital Budget and Forecast sees $99.4 million of funding in 2016 and just over $1 billion for capital requirements over the next 10 years with a focus on transportation, infrastructure renewal and other elements related to growth. Nearly half of the Oakville portion of the increase is related to infrastructure maintenance and repair.

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These pages are designed to help you learn about the 2016 Budget.