While the budget won’t be ready until late fall, we are hard at work on our Towns financial plan for the coming year. As part of the budget development process I have requested that councillors provide their ward specific priorities so that together we can deliver a budget for 2025 that benefits current and future residents of Aurora.
Taxes have a big impact on our daily lives, so we will be working all summer to ensure we provide the best services at the best prices, while continuing to maintain one of the lowest residential tax rates among all GTHA municipalities. Our town finances are in good shape with over $70 million in reserves and over $150 million in financial assets.
A key focus has been on building financial resilience to keep tax rates stable. Because of this, residents and businesses haven’t faced wild fluctuations in tax rates, even during the pandemic! And the 2025 budget will be no different.
Through careful fiscal planning, the Town has been able to invest in sports and recreation amenities and general town services. We have also made a significant investment in our downtown core, which will continue to benefit residents and businesses for many years to come.
As we prepare to deliver the 2025 budget in the fall, it will be balanced and fiscally responsible, keeping us on track with our multi-year budget projections approved last year. This will continue to make us one of the best places to live, work, and play in Canada! #LeadershipThatGetsThingsDone
