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.  
 

Current and Previous Budgets

Current budget 

The 2024 Budget is being presented to Council on Monday, February 12, 2024.

• 2024 Consolidated Budget
• 2024 Budget Presentation

Previous budgets

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

• 2023 Consolidated Budget
• 2022 Consolidated Budget 
• 2021 Consolidated Budget
• 2020 Consolidated Budget
• 2019 Consolidated Budget
• 2018 Consolidated Budget

2024 Budget Key Dates

Budget survey - Thursday, October 12, 2023 - Sunday, November 19, 2023

Special Budget Council Meeting - Monday, February 12, 2024 and if necessary Thursday, February 15, 2024

Budget Ratification Date - Tuesday, February 20, 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.