Aurora’s Finances

Over the next few weeks, I will share information about some of the key issues we have managed during the past 4-year term.

Given the significant impact taxes have on our day to day lives, I thought I would start with some financial highlights.

  1. The lowest 4-year tax rate in over 20 years
  2. 8th lowest residential tax rate in 2022 of all GTHA municipalities 
  3. Over $70 Million in reserves
  4. Almost $90 Million in financial assets

One critical area of focus has been on building financial resilience to ensure stability of your tax rate. As a result, residents and businesses have not been subject to wild fluctuations in tax rates as they have in the past – even during a once in a century pandemic!

Through prudent fiscal planning, the Town has also been able to invest in sports and recreation amenities and general town services. Plus, we have made a significant investment in our downtown core which will continue to provide benefits to residents and businesses for many years to come.

In the words of our External Auditor, BDO, the Town is in a strong and healthy financial position.” #StrongFinancials #PrudentDecisions #LeadershipThatGetsThingsDone

 

Read the full Auditor’s report here:

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2022 GTHA Residential and Multi-Residential Property Tax Rates:

 

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