Budgets
Every two years, the Town of Innisfil develops a service-based budget that identifies the cost of providing services to our community. Within the overall budget, Council adopts an operating budget and a capital budget.
The operating budget addresses the day-to-day cost of providing services to residents and businesses. The capital budget looks ahead to identify the infrastructure that we need to build and maintain. The budget also includes the financial components of the Town's strategic and master plans as adopted by Council.
2025-2026 Budget
We're building the Town's 2025-2026 Budget. Review key dates below to stay informed.
Date | Item |
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April 16, 2024 |
Staff received mayoral direction to prepare the 2025-2026 Budget. |
June 5, 2024 |
The User Fees & Charges By-law was updated. |
November 13, 2024 |
The draft 2025-2026 Budget will be presented at the Council Meeting for review. |
December 4 and 6, 2024 |
Council will deliberate the 2025-2026 Budget at public Council Meetings. |
TBD |
The Mayor will declare the budget. There is a Council adjustment period from declaration date to January 15, 2024. |
January 15, 2025 |
The 2025-2026 Budget is scheduled for approval. |
Supporting documents for the 2025-2026 Budget
Guiding financial policies |
Every Town project, initiative and goal, as well as our budget planning, is guided by the Town's Strategic Plan. We also use these Town financial policies to guide our decision-making when developing the budget:
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2025-2026 Budget Engagement |
Thank you to all the residents who completed our budget priorities survey. Take a look at the survey summary report to see what was said. Please email us at budget@innisfil.ca with any comments or questions. |
About the Budget
Learn more about how the Innisfil Budget is developed and where funds are distributed throughout the community.
Breakdown of your tax dollar |
Your property tax bill may be paid to the Town of Innisfil, but only 46 cents of every dollar stays with us. We use this portion to provide the many critical services you rely on every day, from maintaining parks and roads to delivering fire and rescue services and so much more. We also set aside funds for the Town’s Capital Levy. Capital LevyJust like your car, house or electronic devices, physical municipal assets have a limited lifespan and require ongoing maintenance to extend their life. Eventually, they need to be replaced or discarded. The Town collects a Capital Levy—money set aside to help pay for the repair and replacement of existing assets or new assets and projects that aren’t eligible for funding from development charges. |
How your tax dollars are calculated |
Property assessment and property taxes play a significant role in the Town's budget. The Municipal Property Assessment Corporation (MPAC) is responsible for assessing every property in Ontario. The Town uses the property assessments to determine the tax rate required to collect the revenue needed to deliver services to our residents. The tax rate is then applied to the assessed value of each property to arrive at the amount of property taxes owed. Learn more about property taxes and assessments. |
Service-based budgeting |
Our service-based budget breaks down costs and resources by service, rather than by department, helping residents better see where tax dollars are being spent. Advantages of service-based budgeting
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Operating Budget vs. Capital Budget |
Learn more about the differences between an operating budget and a capital budget: Operating BudgetThe operating budget is used to keep the municipality running on a day-to-day basis. When you call the Town to report a problem, pull over for firefighters on their way to a call, or attend a library program, this is the operating budget at work. It makes up essential services, such as pothole repairs, snow clearing and park maintenance. This budget ensures that we have engineers, librarians, community standards officers, town planners, administrative support, financial analysts and an overall great team of employees who strive to make Innisfil a great place to live. Capital BudgetThe capital budget is used to request funding for new assets, major repairs and replacement of existing assets. Whether we are building a new health centre, replacing a roof on a building or repaving a road, this is the capital budget at work. Capital budget projects include initiatives like bridge repairs, road-widenings, new parks and facilities, and new construction, expansions or renovations. |
Past Budgets
View past Town of Innisfil budgets:
- 2023-2024 Budget and Capital Project Detail Sheets
- 2021-2022 Budget
- 2019-2020 Budget
- 2017-2018 Budget
Please contact us to request budgets for previous years.