Asset management is the process of managing and maintaining the Town’s assets such as roads, parks, buildings, and natural resources to ensure they remain in good condition to serve our community effectively. An Asset Management Plan (AMP) is a living document, updated as new asset and financial data become available. Regular reviews help the Town reassess the state of its infrastructure and track progress on asset management and financial strategies.
Aurora has recently completed two critical plans: a Corporate Asset Management Plan and a Natural Asset Management Plan. These plans meet the requirements of Ontario legislation, well ahead of identified deadlines. This proactive approach demonstrates our commitment to maintaining and improving Town infrastructure that supports our vibrant community while maximizing financial sustainability.
As assets get older their performance will decline; Aurora’s infrastructure is no different. Just like a car needs regular oil changes, tire rotations, and occasional repairs to run smoothly and last longer, the town’s infrastructure—such as roads, parks, and public buildings—needs regular maintenance and upgrades. Asset management ensures that we schedule and budget for these necessary tasks, keeping our community’s “engine” running efficiently and effectively.
The information in our comprehensive asset management plans is key to making informed decisions about when and where to invest in our infrastructure. This not only helps us allocate resources efficiently but also ensures that we are prepared for future growth and challenges. We are proud to maintain one of the lowest tax rates in the Greater Toronto and Hamilton Area (GTHA). This is a testament to our strong fiscal foundation, which has been carefully built and maintained over the years. Our prudent financial practices ensure that we can meet current needs without compromising the ability of future generations to enjoy the same level of service and infrastructure.
As we look to the future, our commitment remains unwavering: to manage our assets responsibly and to keep our tax rates competitive, fostering a thriving and sustainable community for all residents of Aurora. I am confident that tax increases will remain at 3.5% in 2025 and 2.9% in 2026 as outlined in our multi-year budget proposal. #LeadershipThatGetsThingsDone
Asset Management Plan 2024
Loading...
Reload document
Open in new tab 
