Budgets
2023 Budget
The 2023 Budget was approved by Council on April 3, 2023.
How well do you understand the Budget process?
Every year the Town develops an annual budget to help Council make informed decisions. The budget outlines the monies that come into the Town and how dollars are allocated towards objectives that have the highest priority and will produce the greatest positive impact in the community. Sound financial planning, or budgeting, is crucial in meeting this expectation.
How well do you know the Town's budget process? Participate in our quiz and learn more.
How Grimsby's Town Budget Works
Learn more about how Grimsby's Town Budget works
Key Dates
Budget survey - Thursday, February 2nd – Sunday, February 19th
Release to Council - Wednesday, March 8th, 2023
Release to Public - Friday, March 17th, 2023
Ratification Date - Monday, April 3rd, 2023
Let's Talk Budget 2023
2023 Budget survey was available Thursday, February 2nd to Sunday, February 19th. It is now closed.
Budget Basics
The Town of Grimsby's annual budget is made up of both the operating and capital budgets.
Operating budget
The operating budget provides the necessary resources to deliver the day-to-day operations, programs and services to meet the needs of Grimsby's growing community. The operating budget is funded primarily through property taxes, user fees and grants. The annual operating budget provides funding to deliver services such as:
- Firefighting services
- Provide water and sanitary services
- Roads and parks maintenance
- Recreation, culture and library services
- Planning, by-law and building services
Capital budget
The capital budget invests in the infrastructure needed to support a growing community while also maintaining existing infrastructure such as roads, water and sewer lines, Town facilities, fleet and equipment. The capital budget is funded through reserves, development charges, debt and grant funding.
Reserves
Reserves and reserve funds receive annual contributions from the operating budget to assist with long-term financial planning. Maintaining sufficient balances in reserves and reserve funds is a critical component of the Town's long-term financial plan as it strengthens our long-term financial sustainability and helps to minimize fluctuations in tax rates.
Previous budget reports
If you wish to request any of these documents in an alternative accessible format, please contact the Town finance department.
- 2022 Consolidated Budget
- 2021 Consolidated Budget
- 2020 Consolidated Budget
- 2019 Consolidated Budget
- 2018 Consolidated Budget
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