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

2020 Budget

On December 9, 2019 Milton Council approved the 2020 budget representing an investment of $78 million in capital projects and $144 million through the operating budget that provides programs and services for Milton residents.

In alignment with feedback received from Milton taxpayers, the 2020 budget provides for a $45 million investment in roads. This includes roadway expansions such as Thompson Road (Britannia Road to Louis St. Laurent Avenue), Louis St. Laurent Avenue (Fourth Line to James Snow Parkway), Fifth Line (Hwy 401 to Derry Road) and Bronte Street (Main Street to Steeles Avenue). Increased funding will go towards maintenance and rehabilitation of existing roadways. 

In 2020, a fifth Fire Station is planned to open near Regional Road 25 and Louis St. Laurent and the Sherwood Community Centre will celebrate its first full year of operation. These new facilities help to maintain and deliver important services to Milton’s growing community. Based on the Youth Strategy recommendations, approved in 2019, the Town will also implement a pilot project in 2020 focusing on youth-specific spaces and programming at facilities. 

Combined with estimated changes at the Region and School Board, the average household would see an estimated overall 2.86 per cent change from 2020 property taxes, or $19.61 per $100,000 of residential assessment. Milton’s local portion of the property tax levy would be 5.68 per cent, or $14.08 per $100,000 of residential assessment. 

For the average single detached home with an assessment value of $626,430, the Town’s 2020 budget will result in an additional $88.21 per year ($7.35 per month).

The approved budget book will be available in the first quarter of 2020.  In the meantime, the proposed budget document is available below. The information in the Budget Book documents can be offered in alternate formats upon request.

2020 Budget Survey

Thank you to those who participated in the budget survey which assists with identifying priorities for Milton infrastructure, programs and services. The survey results and background information on the budget can be found in the Budget Call Report .

Proposed budget

View the Proposed 2020 Capital and Operating Budget.

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.

 2018 Financial Report

 

View the 2018 Financial Report. The report includes the following sections.

Introduction:

  • 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 lifecycle 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.