The capital budget is funded through:
The town’s capital budget and forecast is a comprehensive, 10-year financial plan that identifies the capital requirements of growth and maintaining existing infrastructure. The capital budget is used to either build or rehabilitate assets that will last for more than one year.
The operating budget is funded primarily through:
The operating budget provides the necessary resources to deliver programs, services and facilities services to meet the needs of Oakville’s growing community, and accommodates for inflationary pressures.
Learn how the town develops the municipal budget, the difference between the operating and capital components of the municipal budget and the different funding sources that support them. Our video will provide you with a brief overview on the breakdown of tax dollars, legislative requirements and the definition of a budget.