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Budget and Finance

The 2022 Budget process is underway. Please follow along below and subscribe to the Council Calendar to be notified of any budget-related Council meetings. Subscribe to our Newsroom to be kept up to date with the news categories you are interested in. Choose the News category to receive all budget news.

 

2022 Budget Schedule
Date                  Action
September 14, 2021 Special Council Meeting, 9am
Budget overview and Department presentations

 
October 26, 2021

Special Council Meeting

Agency and Board presentations to Council

November 5, 2021

Proposed Budget and Business Plan provided to Council and posted online

November 18, 2021

6:30pm, Public Meeting – Evening, general presentation, electronic format

November 30, 2021

9am, Capital Budget deliberations (resuming Dec. 1 at 9am if required)

December 7

9am, Operating, Special Projects and Water-wastewater Budget Deliberations (resuming Dec. 8 at 9am if needed)

Long-term financial plan (2022-2031)

At the August 10 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.  

Recommendations to restrict debt and create a dedicated 1.5 percent capital levy were brought forward and received by Council to be included as resources to help inform and shape long term financial planning for 2022 to 2031. To learn more, download the Kawartha Lakes Long-Term Financial Plan report, watch the presentation on YouTube, or
download a PDF of the presentation.

 

At the October 5, 2021 Committee of the Whole meeting, 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.

 

2021 Budget
 
 

Kawartha Lakes Council approves lowest tax increase in over a decade

On February 16, Council deliberated the 2021 Water and Wastewater Budget, Special Projects Budget and Operating Budget. Council received a record of all public questions that were submitted on the Jump In Kawartha Lakes website. In total, 630 residents visited the 2021 Budget project page, 104 residents downloaded information and 23 questions were answered.

As requested by Council, Jennifer Stover, Director of Corporate Services, provided a report with a variety of options for Council to consider in order to reduce the tax levy. Going into deliberations, the tax levy increase was at 3.84%. Options included leveraging provincial modernization funding ($300,000), allocating Safe Restart funds to cover projected lost revenues and pandemic costs ($836,000), applying the 2020 surplus to certain area rates ($365,000) and using established reserve funds ($131,000). Once all these options were applied, Council unanimously chose to further offset forecasted pandemic costs using the Safe Restart funding, which in turn reduced the 2021 levy increase to 1.5%. Read the full news release.

media article on debload with money in ATM machine

Read how Jennifer Stover, Director of Corporate Services, explains the context of the municipality's debt to The Lindsay Advocate.

 2020 Adopted Budget and Business Plan

Download the 2020 Adopted Budget and Business Plan

 

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
10 Year Financial Plan 2018-2027

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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