Revenue Sources

On November 29, 2021, administration gave Council an update on the 2022 operating and capital budgets approved as part of the multi-year budget process in 2020. Along with the budget review, administration brought forward recommendations for additional items to both budgets that were externally driven - municipal, provincial or federal. The following are the final amounts for additional items approved and overall operating budget:

  • 2022 Operating Budget
    • $5.571M - total amount of additional approved items approved on November 29, 2021
    • $388.594M – total 2022 Operating Budget following approvals on November 29, 2021

In order to fund this budget, The City relies on multiple revenue sources. Find the breakdown of each source below. Click on each to see further detail.

38%

Property taxes

49%

User Fees & Sales of Goods & Services

3%

Grants

1%

Investment Income

2%

Fines & Penalties

3%

Franchise Fees

1%

Licenses & Permits

3%

Other revenue

2%

Contributed Tangible Capital Assets