Oakville releases 2019 Budget documents

Tue, 11 Dec 2018

Get involved. Budget meetings start January.

Town staff presented Oakville’s proposed 2019 operating and capital budgets to the Budget Committee today, achieving Council's direction to keep the total property tax increase in line with inflation. Town staff recommended a budget that results in a 3.10 per cent increase to the town’s portion of the tax bill, for an overall property tax increase of 2 per cent when combined with the estimated regional and educational tax levies. The proposed increase would see residential property taxes increase by $15.35 per $100,000 of assessment meaning that the owner of a home assessed at $800,000 would pay an additional $122.80 per year or $2.36 per week.

“The recommended budget ensures we invest in key areas while keeping our taxes in line with or lower than inflation and trending downward,” said Mayor Rob Burton. “It’s a fiscally responsible budget that makes strategic investments in our community to enhance our infrastructure, while delivering the high-quality services our residents want and expect.”

In the town’s Draft 2019 Operating Budget, staff is recommending a $337.3 million gross operating budget that will support the delivery of a wide range of programs and services including maintenance of roads and community facilities, fire services, transit, parks and trails, recreation and culture, senior services, libraries, and a host of other important services.

The Budget Committee also reviewed the town’s Draft 2019 Capital Budget which sees $116.6 million in funding invested in transportation, infrastructure renewal and other growth-related facilities. Some key capital projects for 2019 include the Lakeshore Road Reconstruction and Streetscape project, the ongoing construction of the South East Community Centre, the start of construction of Fire Station 8 in the Palermo area and reconstruction of Speers Road west of Third Line to Fourth Line. Also included in the 2019 Budget is funding to continue with the town’s annual Road Resurfacing Program and Emerald Ash Borer Management and Tree Renewal Program.

The annual budget process also includes the Budget Committee’s review of the town’s rates and fees for programs and services offered to the community (such as transit fares and recreation and culture program fees), and the estimated costs of administering and enforcing the Building Code Act and the Planning Act. The majority of the proposed changes to the 2019 Rates and Fees are in line with inflation.

Finally, the proposed 2019 Budget takes into account the impact of several pressures. These include rising costs for various materials, supplies and utilities, increasing pressure on personnel budgets, and reductions to Transit and Planning revenues. Other pressures include the operating impacts from capital initiatives such as the full year cost for Trafalgar Park Community Centre, partial year cost for Sixteen Mile Branch Library, new parks and road infrastructure in North Oakville as well as increased software costs related to new systems and rising maintenance fees.

“The investments recommended in the budget respond to the town’s key priorities by providing funding to transportation, infrastructure renewal and facilities.  The Budget Committee will review, discuss and make decisions in the context of keeping overall tax increases in line with inflation,” Budget Committee Chair Tom Adams said. “The Budget Committee will be making a recommendation for Council consideration on January 28. Until then, I encourage residents to get involved by providing feedback to us on the proposed budget during our open and public process.”

Budget process

The final recommended budget will go forward to Council for approval on January 28, 2019. The public is encouraged to get involved through the following opportunities:

Budget Open House

Tuesday, January 8, 2019, 7 p.m.

Budget Committee and Council Meetings

Tuesday, January 8, 2019, 9:30 a.m.  – staff presentations
Thursday, January 10, 2019, 9:30 a.m. – public delegations
Thursday, January 10, 2019, 7 p.m. – public delegations

Approval of the 2019 Operating and Capital Budgets:

Tuesday, January 22, 2019, 9:30 a.m. – Budget Committee deliberations
Monday, January 28, 2019, 7 p.m. – Council approval

The open house and all Budget Committee and Council meetings take place at Town Hall, located at 1225 Trafalgar Road. Residents can also watch meetings via live stream on the town’s YouTube channel.

For more information visit the 2019 Budget page.