2023 Budget Schedule
Proposed 2023 Budget and Business Plan
Download proposed Budget and Business Plan as PDF
Date | Action |
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All meetings are livestreamed on the City's YouTube channel. |
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December 13, 2022, 1pm |
Proposed Budget and Business Plan - provided to Council and posted online Press release: Council receives first look at proposed 2023 budget capped at modest cost of living increase |
January 17, 2023, 9am |
Budget amendment provided to Council and posted online. Proposed budget documents listed above have been updated to reflect the amendment. Department presentations - watch on YouTube |
January 26, 2023, 9am |
Department presentations continued - watch on YouTube Agency and Board presentations - watch on YouTube Press release, January 27, 2023 - Kawartha Lakes Boards and Agencies present 2023 Budget requests to Council Press release, January 27, 2023 - Kawartha Lakes Council receives budget outlook from staff |
February 2, 2023, 7pm |
Public Meeting – General presentation - watch on YouTube Press release, January 30, 2023 - Residents invited to a public meeting on the Proposed 2023 Budget |
February 14, 2023, 9am |
Capital Budget Deliberations Question and Answer, Council to Staff - General Question and Answer, Council to Staff - Directly relating to Proposed Capital Budget Press release, February 15, 2023 - Kawartha Lakes Council passes Capital Budget on track with Long-Term Financial Plan at $57.7 million |
February 28, 2023, 9am |
Operating, Special Projects and Water-wastewater Budget Deliberations Question and Answer, Council to Staff - Operating, Special Projects and Water-wastewater Budgets Press release, March 2, 2023 - Kawartha Lakes adopts 2023 Budgets; meets community needs while balancing taxpayer affordability |
2022 Budget and Business Plan |
2022 Budget and Business Plan - download PDF
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Long-Term Financial Plan (2022-2031) |
The first Long-Term Financial Plan was created in 2017 and was updated in 2022 for the next 10 year term. The update reflects changes in costs, market conditions and City growth over the last five years. The plan consists of four strategies – revenue, reserves, people and debt. Debt Strategy At the April 5, 2022 Committee of the Whole meeting, Jennifer Stover, Director of Corporate Services presented to Council the progress to date on the strategies that will form the basis of the updated Long Term Financial Plan (LTFP). The first Long Term Financial Plan was created in 2017 and is being updated to reflect changes in costs, market conditions and City growth over the last five years. Although the plan consists of four strategies – revenue, reserves, people and debt - Stover focused the bulk of the discussion with Council on the debt strategy. Watch the presentation on You Tube and read the press release. Debt limit set by Council At the October 5, 2021 Committee of the Whole meeting (watch on You Tube), a preview of the Long Term Financial Plan was presented to Council. One of the recommendations was for Council to raise the debt ceiling for the City from 6.3 percent to 7.5 percent of total City revenue including taxes, grants and user fees. At the October 19 Regular Council meeting, Council directed staff to return with options to incorporate a fixed debt ceiling. A report will come to Council later this year. The debt ceiling for the City has moved from 6.3 percent to 7.5 percent of total City revenue including taxes, grants and user fees. Plan update goes to Council At the August 10, 2021 Special Council meeting, Council was presented an update on the municipality’s long-term financial plan. The presentation focused on the challenges with developing a financial plan that balances the City’s long term capital and operating needs while maintaining affordability to the taxpayer. Staff provided Council with an overview of the forecasted capital plan for the next ten years, including the redevelopment of Victoria Manor, the Lindsay Water Treatment Plan and expansion requirement for Kawartha Lakes housing. |
2021 Budget |
Download a PDF copy of the Adopted 2021 Budget and Business Plan
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2020 Adopted Budget and Business Plan |
Download the 2020 Adopted Budget and Business Plan
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Consolidated Financial Statements |
Please contact our Treasury department for accessible versions of these documents. |
2019 Budget and Business Plan |
Download the 2019 Budget and Business Plan |
Asset Management Plan |
Visit the Taxes page for information on property taxes, rebates, fees, payment options and more.
View the Council and Committee Calendar for information about upcoming meetings.
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