Please shared your feedback on the City of Kitchener's proposed 2018 budget.
How budgets work:
The City's budgets provide an annual financial plan which sets direction for work to be completed. The City has two budgets: an operating budget and a capital budget. The operating budget provides funding for day-to-day costs such as program and service delivery, supplies, and maintenance. The capital budget provides a 10-year forecast for investments in infrastructure including parks, roads and sanitary sewers. These projects can take a number of years to construct and may replace or create new assets.
The following videos help explain municipal budgets:
You can assist council and staff by providing feedback about the budget. Please have a look at the 2018 budget highlights below, and tell us what you think.
2018 budget financial highlights:
The proposed net tax levy increase for 2018 is 1.7% and approximates the rate of inflation. This would amount to an additional $18 per year, or $1.50 per month on the average Kitchener home (assessed at $300,000). Based on a comparison with other large municipalities in Ontario, Kitchener has one of the lowest tax burdens in the province, meaning it is one of the most affordable cities in Ontario.
The proposed utility rate increase for 2018 is 6.5%, which is lower than the 9.2% rate increase that was projected. The rate increase has been reduced through a comprehensive review of the City's water infrastructure, which revealed that some pipes can last longer through improved maintenance programs. The 6.5% rate increase includes a portion (2.5%) that must be paid to the Region of Waterloo to cover processing costs for water and sewer treatment.
The proposed capital budget is balanced and reduces the City's debt. It includes 423 projects with a total cost of $1,119,357,000. As defined by the Province of Ontario, Kitchener's debt per household is in the "moderate" range (between $400 to $1,000/household), and is projected to drop into the "low" range (below $400/household) in 2023.
This is your budget -- citizen feedback is essential to this process.
You can read the detailed reports and presentations for more information.
Please click on "take the survey" below to tell us what you think about the 2018 budget. You have several other options to get involved as well:
- Connect with us by calling 519-741-2200 ext. 7700 or email email@example.com
- Follow the discussion on social media @CityKitchener or #kitbudget, and on facebook.com/CityofKitchener
- Attend a public input session on January 15, 2018, Council Chambers, Kitchener City Hall
- Watch webstreams for budget presentations on www.kitchener.ca (see key dates below)
Key budget dates:
January 15, 2018: council will hear from the public during an input session
January 22, 2018: council will deliberate and approve the final budget