Budgets

2023 Budget 

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

Proposed budget release to Council - Wednesday, March 8th, 2023

Proposed budget release to Public - Friday, March 10th, 2023

Special Budget Council Meeting -  Tuesday, March 21st, 2023

Expected Ratification Date - Monday, April 3rd, 2023

Let's Talk Budget 2023

2023 Budget survey will be available Thursday, February 2nd to Sunday, February 19th on the Let's Talk Budget - 2023 page.

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.

 

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