The 2023 budget represents a continued strategic investment in Milton. Council identified Milton’s priorities through the development of the 2020-23 Council Staff Work Plan. This plan, a vision of the future, strives for abundant economic opportunity for residents, educational opportunities for youth, and a community that leads in sustainability, diversity and inclusion.
Overall themes for 2023 budget include:
- Customer service
- Modernization of services
- Sustainability
- Quality community assets
- Asset Management
Capital budget
The capital budget funds construction and repair of the Town’s infrastructure, fleet and bus purchases, and corporate studies. The capital budget is funded from reserves and reserve funds, development charges, grants, and debt.
A growing municipality like Milton needs to invest in both new infrastructure and the renewal of existing assets, such as roads, facilities, and parks.
The 2023 capital program includes 132 projects, valued at a community investment of $63 million, to provide programs and services to Milton.
The development of new assets and the rehabilitation of old infrastructure, can be very costly. The Town continues to actively pursue all available external funding opportunities to reduce the impact on taxpayers. In 2023, over 42 per cent, or $27 million of the 2023 capital program is funded from external sources, primarily development charge revenue.
Breakdown of capital budget
The breakdown of funding for the capital budget includes:
Operating budget
The operating budget covers day-to-day spending on services such as winter road maintenance, grass cutting, recreation programs, and fire services. The operating budget also finances the Town’s capital projects through debt payments and transfers to reserves.
In 2023, the operating budget represents an investment of $184 million in the Town’s programs and services.
Property taxes cover a large portion of the operating budget, while the rest is funded through non-property tax revenues (provincial grants and subsidies, user fees). In 2023, 50 per cent of the operating budget is funded through non-property tax revenues.
2023 household impact
The overall blended rate increase for 2023 is estimated at 4.42 per cent. Of this 4.42 per cent, Milton’s portion of the blended increase is 3.09 per cent. This is the overall impact to your property tax bill, a result of the Town of Milton, Halton Region, and Province (education school boards).
| Share of tax bill | 2022 taxes | 2023 increase | 2023 taxes | $ Impact on total tax bill | % Impact on tax bill | |
|---|---|---|---|---|---|---|
| Town of Milton | 40% | $271.97 | 7.99% | $293.70 | $21.73 | 3.09% |
| Halton Region | 39% | $278.49 | 3.36% | $287.85 | $9.36 | 1.33% |
| Education | 21% | $153 | 0% | $153 | $0 | 0% |
| Total | 100% | $703.46 | 4.42% | $734.55 | $31.09 | 4.42% |
The budget impact includes estimated impacts from Halton Region and the Province (education school boards).
More information is available on household impact and value for tax dollar by understanding your tax bill.
Please note: The full budget document is expected to be available by early spring and can be requested by email from the Town's finance department.
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