Budgets

Municipalities are required by the Municipal Government Act, to prepare an annual operating and capital budget, which must be adopted by Council. The budget is a multi-year financial representation of the Corporate Business Plan and services that are delivered to the community.

The Corporate Business Plan outlines how priorities that have been established in the Council Strategic Plan will be accomplished. These plans align to achieve the established vision for the community.

Let's Talk Budget 2024!

As we prepare for 2024 budget deliberations and approval, we’re seeking your input to help us better understand which services are a priority to you.

Surveys provide a relatively easy way to organize a snapshot of public opinion at any given time. Such snapshots can give decision-makers a picture of the services the public most and least values.

Please fill out this brief survey to help Town Council make decisions during budget discussions that reflect community priorities.

Town of Grimsby 2024 Budget Survey

Key Dates

Budget survey - Thursday, October 12, 2023 - Sunday, October 29, 2023

Special Budget Council Meeting - January/February 2024

Budget Ratification Date - February 2024

How Grimsby's Town Budget Works

Learn more about how Grimsby's Town Budget works

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 with 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.

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 wastewater 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 wastewater 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.

Current and Previous Budgets

Current budget

The 2023 Budget was approved by Council on April 3, 2023.

2023 Consolidated Budget

2023 Budget Presentation

Previous budgets

If you wish to request any of these documents in an alternative accessible format, please contact the Town finance department.