Oakville is committed to offering valued services and programs to residents and making strategic investments in community priorities. Each year, the town’s annual budget is one of the most important tasks facing Town Council, and Council has directed staff to prepare a budget that keeps the overall tax increase in line with inflation out to 2020.
Budget Update – December 18, 2017
Oakville Town Council has approved the town’s 2018 operating and capital budgets.
The impact of Council’s budget approval is a 2.58 per cent increase to the town’s portion of the tax bill, for an overall property tax increase of 1.75 per cent when the approved regional and expected educational tax levies are included. Residential property taxes will increase by $13.98 per $100,000 of assessment meaning that the owner of a home assessed at $800,000 would pay an additional $111.84 per year or $2.15 per week.
Key budget highlights include:
- A $323.7 million operating budget to provide a wide range of programs and services including the maintenance of roads and community facilities, fire services, transit, parks and trails, recreation and culture, senior services, and libraries, along with a variety of other valued services. Program enhancements for 2018 include funding for the opening of the new Trafalgar Park Community Centre (Oakville Arena redevelopment) in fall 2018, expansion of enforcement hours for by-law services, and a $25,000 increase to support the Oakville Arts Council Grant Program.
- A $129.1 million capital budget to support projects related to transportation, traffic safety measures, infrastructure renewal and other growth-related facilities. Key projects for 2018 include the completion of the Trafalgar Park Revitalization Project, start of construction on the South East Community Centre, and the town’s Road Resurfacing and Preservation Program, the largest in Oakville’s history. New capital funding sees $204,000 for the installation of flashing 40 km/h signage in school zones, $200,000 for pedestrian safety initiatives and education and $205,000 for the Gypsy Moth Spraying Program.
For complete details, review the budget documents on this page.