Oakville to begin public consultation on 2024 budget this summer

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Published July 28, 2023 at 11:35 am

Oakville Town Council received the 2024 Budget forecast and is set to begin public consultation this summer. PEXELS PHOTO

Local residents will have more opportunities to have their say on how Oakville spends its money in 2024.

The Town’s Budget Committee held its inaugural meeting on July 19 to discuss the process, preparation and preliminary forecast for the 2024 Budget.

A forecast of the overall 2024 tax bill increase, based on projections identified in the 2023 budget and additional pressures to be considered over the next few months, was presented at the meeting.

Currently, the forecasted overall tax bill increase is 4.50 per cent, which will be further evaluated as the town refines its submissions for operating and capital budgets.

“Under the new budget process there will be many opportunities, including multiple ward-centric public engagements to inform the 2024 Budget,” said Town and Regional Councillor Sean O’Meara, who was appointed as the 2024 Budget Committee Chair.

“Council and staff will consider all options to maintain a vibrant Oakville while balancing evolving economic conditions.”

This year’s budget process and timeline has been changed from previous years, a result of Bill 3, Strong Mayors, Building Homes Act, 2022.

More details on the process and timeline are available on the Town of Oakville’s Budget Process page.

“This year’s budget schedule means the opportunities for Council to make suggestions are greater than they’ve ever been,” said Oakville Mayor Rob Burton. “The public also has the chance to provide input earlier and more often than before. I’m looking forward to the best budget process we have ever had.”

Seven sub-committees have been set up to represent each ward and lead the public engagement in their local community. The sub-committee will comprise of the Mayor, Budget Chair, and both councillors for that ward.

Key dates

  • July 20 to September 15: Budget Sub-committees to conduct pre-budget, ward-centric public engagement
  • September 6: Budget Committee receives staff reports that may have a budget impact
  • September 19: Budget Committee receives feedback from sub-committees on public consultation
  • October 17 and 19: Draft Operating and Capital budgets presented by staff based on Mayor’s direction
  • October 20 to November 1: Budget Committee to consult with residents on draft budgets
  • October 31 (morning) and November 1 (evening): Public delegations on draft budget
  • November 2: Budget Committee makes recommendations to Mayor
  • November 20: Mayor to provide proposed 2024 Budget, including rates and fees, to Council and public
  • November 28: Public delegations on Mayor’s proposed budget
  • December 20: Special Council Meeting to consider approval of the 2024 Budget

“Residents, friends and families truly embrace the high-quality level of services and programs we build upon, year after year,” said Town Councillor Marc Grant, who has been appointed the 2024 Budget Committee Vice Chair.

“Throughout the 2024 Budget Committee process we’re going to go deep into our communities to determine the best priorities for Oakville’s future; to protect what we love and to make changes where we can do better.”

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