Wed, 29 Jun 2016
At the inaugural 2017 Budget Committee meeting on June 27, 2016, Councillor Tom Adams was appointed for a ninth consecutive year as Oakville’s budget chair. Councillor Adams holds his Master’s in Business Administration from McMaster University and is a former senior risk manager to one of Canada's major financial institutions.
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.
“Keeping our finances stable, secure, and healthy is a key part of our vision to make Oakville the most livable town in Canada,” Mayor Rob Burton said. “Councillor Adams has a fantastic track record as budget chair and I am confident that his experience will help us once again meet our goal of keeping tax increases in line with inflation.”
As its first order of business, the Budget Committee received details of the 2017 process, which includes four meetings scheduled for November to provide an overview of the budget, staff presentations, and to receive delegations from the public and key stakeholders. The final staff recommended budget will be presented to Council on November 15, 2016, with Budget Committee recommendations finalized on December 6, 2016. Council approval of the operating and capital budgets is set for December 12, 2016.
“Public input is a critical piece of our annual budget process and I look forward to engaging with residents over the next few months,” Councillor Adams said. “Our key focus for this budget is to meet our goal of keeping overall property tax increases in line with inflation, while building and renewing infrastructure and maintaining high quality services for the community.”