Wed, 26 Jun 2019
At the inaugural 2020 Budget Committee meeting on June 24, 2019, Councillor Tom Adams was appointed for a 12th 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.
“A key part of our vision to make Oakville the most livable town in Canada is keeping our finances stable, secure, and healthy,” 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.”
The next Budget Committee will be on July 9, 2019 where staff will provide an overview of the 2020 Budget process as well as discuss preliminary directions for the operating budget and capital forecast. Four meetings have been scheduled in November and December to review the budget and receive delegations from the public and key stakeholders. Budget Committee deliberations will be held December 10, with Town Council approval of the operating and capital budgets set for December 16, 2019.
“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.”
For more information, visit the 2020 Budget page.