The Municipality of Greenstone practices financial transparency by publishing our annual budget and financial statements.
2024 budget
2024 tax levy Budget overview
2024 Rate Supported Budget overview
At the February 26, 2024 Regular Meeting of Council, Council passed and enacted By-Law 24-16, being a By-law to Set the Rates for Water Services and Sewer Services and to Set a Minimum Charge for Water and Sewer Usage for 2024.
These rates were based on the Rate Supported Environmental Operating and Capital Budget which was passed (By-Law 23-87) at the December 11, 2023 Regular Meeting of Council. The budget document provides details on operating expenses, as well as planned capital projects. The capital projects have been planned for a variety of reasons (growth, legislation, necessary maintenance). The provision of potable or drinking water to municipal residents is highly regulated and these regulations are presented at length in the Greenstone 2021 Drinking Water Systems Financial Plan, previously approved by Council. The applicable legislation does not prescribe, but recommends, a financial plan for wastewater/sewer systems.
A 6.1% increase in water rates will increase residential rates from $272.86 per quarter to $289.50 or $16.64 more. A 6.0% increase in wastewater rates will increase residential rates from $250.79 per quarter to $265.84 or $15.05 more. Residential users that are connected to both water and sewer will see an increase to their annual cost of $126.76 or about $10.56/month.
At the January 15, 2024 Regular Meeting of Council, Council passed and enacted By-law 24-08 being a By-law to adopt the budget (estimates of revenues and expenditures) for tax supported purposes for the year 2024. At the March 11, 2024 Regular Meeting of Council, Council passed and enacted By-law 24-18 being a By-law to levy and collect property taxes for the year 2024 including setting tax ratios for prescribed property class and subclasses for Municipal purposes for the year 2024.
To learn more about our strategic priorities for 2024 view our 2024 budget proposal.
Council passed the following by-laws to finalize and enact the 2024 budget.
Learn about how we use our operating and capital budget.
Operating budget |
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The operating budget covers the cost for everyday operations and activities, including:
Expenditures are included in this budget for:
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Capital budget |
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The capital budget takes care of our current and future infrastructure such as:
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Asset Management Plan
Learn how we plan to manage our assets with our Asset Management Plan.
Financial statements
Financial statements are reviewed on an annual basis by an outside firm to ensure accuracy. The audit includes a consolidated balance sheet, statement of operations and cash flow documents.
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