It is that time of the year: winter stubbornly takes its firm, but final grip before giving rise to spring; we begin to collect and organize documents for our personal tax returns; and budget season is here. February may be short on days, but it is a landmark month each year.
Essentially, budgets are road maps. Whether for government, companies, non-profit organizations, or even families, budgets allow us to evaluate prior assumptions, projections and decisions – after “life happened”. Budgets are also opportunities to look ahead and make adjustments and decisions based on new information and priorities.
Embedded in the city’s budget are our hopes and aspirations for Burlington, balanced with fiscal pressures that originate from within our boundaries and beyond. This is especially true as the federal and provincial governments continue to make cuts and shift responsibilities to municipalities. Continue reading →
Our next Council meeting is on February 18 where we will be considering the Proposed Capital Budget.
On February 18th, Council will vote on approving the Proposed Capital Budget for 2014. Immediately after, we will begin our review of the proposed 2014 Current operating budget at the Community and Corporate Services Committee at 9:30 a.m. on February 20, 2014. A special Council meeting will be held immediately following the Committee meeting to approve the Current budget.
On January 29th, we held an interactive workshop about the city’s 2014 current and capital budgets. We had a great turn out at this meeting. Participants had the opportunity to discuss service choices, infrastructure, and the long-term financial plan while learning more about the city’s 2014 current and capital budgets and the impact the budget will have on 2014 property taxes. Continue reading →
Council and Staff have been hard at work on the City Budget for 2013. The proposed budget was approved by Budget and Corporate Services on February 28 with a tax rate increase of 4.46% The budget will go to City Council for final approval on March 18.