News

Milton Council approves 2018 budget

Posted on Tuesday December 12, 2017

News Release-

On December 11, 2017, Milton Council ratified the 2018 budget representing an investment of $73 million in capital projects and $127 million to continue to provide residents with the programs and services they rely on daily through the operating budget.

“This budget aligns with feedback from Milton taxpayers and focuses on the redevelopment and expansion of the transportation network, as well as economic development,” said Linda Leeds, Deputy CAO and Chief Financial Officer. “The 2018 budget preserves existing service levels, plans for growth and begins to address the long-term financing requirements for asset renewal.”

The budget supports the Town’s Strategic Action Plan, Destiny Milton 3, through continued construction of the Sherwood Community Centre and Library, the addition of a new Fire Station, and ongoing planning for the Milton Education Village and Sustainable Halton Lands. The budget also eliminates the dedicated hospital levy by providing funding for future debt payments from Ontario Lottery and Gaming Corporation revenue.

The property tax increase resulting from the 2018 budget is an additional $13.64 per $100,000 of residential assessment.  Combined with estimated changes at the Region and School Board, the average household would see an estimated overall 2.72% change from 2017 property taxes, or $19.63 per $100,000. Milton’s budget accounts for 1.89% of the 2.72% total.

For more information on the 2018 Town of Milton Budget, visit www.milton.ca/budget

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For media inquiries, please contact: 

Hazel Carlin Communications & Marketing Advisor

905-878-7252 x2166

Hazel.carlin@milton.ca