The 2023 proposed 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 proposed budget include:

  • Customer service
  • Modernization of services
  • Sustainability – environmental and financial
  • 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 131 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 $26.6 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 $183.8 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 4.26 per cent. Of this 4.26 per cent, Milton’s portion of the blended increase is 3.08 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).

Estimated household impact per $100,000 of residential assessment
 Share of tax bill2022 taxes2023 increase2023 taxes$ Impact on total tax bill% Impact on tax bill 
Town of Milton 40% $271.97 7.96% $293.61 $21.64 3.08%
Halton Region 39% $278.49 3% $286.84 $8.35 1.19%
Education 21% $153 0% $153 $0 0%
Total  100% $703.46 4.26% $733.44 $29.99 4.26%

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 can be requested by email from the Town's finance department.