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 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 captures all of the town's operational areas including but not limited to:

  • Engineering
  • Fire services
  • Planning and development
  • Parks, recreation and culture
  • Information technology

Capital budget

The capital budget and forecast is a comprehensive, five-year financial plan that identifies the costs to build and maintain facilities and infrastructure such as roads, water and sewer lines, community centres and fire stations. The capital budget is funded through property taxes, reserves, development charges, debt and grants.

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.

2018 budget

Grimsby Council approved the 2018 consolidated budget of $50.07 million on May 7, 2018 with a 4.53 per cent Town tax increase.

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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