Understanding the budget

A municipal budget is complex. It takes a lot of planning to create a budget for a city of more than 315,000 people. So how does it all work?

Budget Parts

A municipality’s budget is made up of two parts:

  • operating
  • capital

The operating budget is spent on running City facilities, programs and services. The capital budget is spent on building and repairing City infrastructure, including roads, pipes, buildings.

Funding the budget

In order to fund the operating and capital budgets in Vaughan, annual revenues are generated. The main sources of revenue are property taxes, user fees and development charges.

  • Property taxes: Your property tax bill is divided between the City of Vaughan, York Region and the Province of Ontario. Vaughan uses its portion of your taxes to pay for City programs and services.
  • User fees: These are paid by residents and businesses when accessing certain services, such as recreation programs and permits.
  • Development charges: These are paid by developers and are used to help fund capital projects, such as roads, pipes, libraries and fire halls.

Budget Process

Each year Vaughan staff present the budget to Council. It is up to Council to decide how funds are spent. Citizen input throughout the process is an important part of this decision making. That is why the City encourages you to tell Council about the services and programs that are important to you.

Get Involved

There are still many opportunities for you to get involved in the budget process:

  • Attend a public meeting at City Hall
    • Monday, March 2 at 7 p.m. – The 2015 Draft Water and Wastewater Budget will be presented. This budget funds the City’s water, wastewater and stormwater systems. Safe drinking water, effective wastewater collection and stormwater management are important for a healthy and sustainable community.
    • Monday, March 9 at 9:30 a.m.
    • Special Council meeting to finalize the 2015 budget will be announced as soon as it is determined
  • Join the conversation on the City’s Twitter and Facebook pages using #vaughanbudget2015
  • Take the City of Vaughan’s Budget Challenge – an interactive online budget tool – at vaughan.ca/budget
  • Watch budget videos on the City’s YouTube page
  • Email any questions or comments to the City at budgeting@vaughan.ca

For more information and to stay up to date on the budget, visit the City’s website at vaughan.ca/budget or call 905-832-2281.

Have you given your input? Leave a comment and let us know what City programs and services are most important to you.

 

 

Visit the City of Vaughan’s website at vaughan.ca.

2015BudgetPoster24x36REVFeb25

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