The Town of Milton publishes annual budgets and financial reports so that you can see how we are spending and allocating municipal funds.

2022 budget

2022 Proposed Capital and Operating Budget

The Town of Milton is seeking your valuable input in prioritizing services and investments for the coming year. Comments can be submitted through the consultation at Let's Talk Milton. Comments submitted will be considered by Council and staff in the budget process. All feedback received up to August 20 will also be included in a Budget Call report to Council on September 13. This report will seek Council direction on the Proposed 2022 Capital and Operating Budget.

The timeline of the 2022 Proposed Capital and Operating Budget is as follows:

  • July 5 to August 20 – Initial Public Input (note that comments will continue to be received through the entire budget process to December 5)
  • September 13 – Budget Call report to Council
  • Late November – 2022 Proposed Budget Available for Review
  • November 29 – Council Workshop on Proposed Budget
  • December 6 (and 7, if needed) – Council Review and Anticipated Approval of Budget

Members of the public are encouraged to get involved in the budget process by:

2021 Budget

During a meeting on September 21, 2020, Council directed staff to submit the 2021 Operating Budget with a residential property tax increase not exceeding 5 per cent on the Town portion of the total tax levy (for an estimated total residential property tax increase of no greater than 2.66 per cent when the Region and Education portions are considered). 

On Dec. 7, 2020, Council approved the 2021 budget with Milton's property tax increase of 3.93 per cent, resulting in an overall household impact increase of 2.19 per cent. Therefore, the overall property tax increase impact is $14.47 per $100,000 residential assessment. The 2021 budget highlights demonstrate Milton's commitment to taxpayer affordability, value for tax dollar and an investment in the priorities determined by Council and staff to ready Milton for the future. 

Background information on the development of the 2021 budget can be found in the Budget Call Report. The 2021 budget highlights are also available for review. 

2021 approved budget

2021 approved budget

View the full budget book below: 

Looking for a specific part of the budget? Explore the budget by section:

Departmental Sections

Past budgets

Review past budgets from the Town of Milton:

Financial reports

The annual financial report provides an overview of Milton’s key activities and financial status including assets, liabilities, net worth, revenue and expenses.

2020 Financial Report

View the 2020 Financial Report. The report includes the following sections:


  • About Milton 
  • Governance and Organizational Structure
  • Message from the Treasurer 
  • Financial Statements Discussion and Analysis

Financial Reports:

  • Town of Milton Consolidated Statements and Notes 
  • Milton Public Library Board Statements and Notes
  • Milton Downtown Business Improvement Area Statements and Notes 

Statistical Data:

  • Multi-Year Comparison of Financial Statements
  • Five-Year Financial Statistics 

Past reports

Review the past financial reports for the Town of Milton: Contact us if you’d like to request a copy of a previous financial report.

Financial statements have been prepared in accordance with Canadian public sector accounting standards. 

Asset management plan

Milton’s Asset Management Plan outlines the Town’s asset management practices, state of the infrastructure, levels of service, and life cycle and funding plans.

Fiscal impact study

Milton’s fiscal impact study provides a critical link between land use planning and local budgeting by projecting the capital and operating costs and revenues associated with residential and non-residential growth.  Review the Town’s most recent Fiscal Impact Assessment incorporating the Sustainable Halton development area and growth to 2036.

Accessible documents

If you’d like to request a copy of our budgets, financial reports, or asset management plan in an alternative format, please check our accessibility page for detailed instructions.