2024-2026 Operating & Capital Budgets
Stouffville Approves 2024-2026 Operating & Capital Budgets
The Town of Stouffville is pleased to announce the approval of the 2024-2026 operating and capital budgets. With a focus on citizen-centric improvements and long-term sustainability, the budgets not only address immediate needs but also paves the way for transformative, capital initiatives.
The 2024 budgets include a 1.47% operating tax levy increase and an additional 2% levy for capital asset management needs and a 1% levy dedicated to the upcoming Main Street revitalization project.
This marked the first time Stouffville's budgets were presented under ‘strong mayor powers’; the authority vested in Mayor Iain Lovatt by the Province of Ontario on November 1. In accordance with the responsibilities outlined in Part VI.1 of the Municipal Act, 2001, Mayor Lovatt tabled the budget on November 8 and presented it to Council for consideration. The budget was adopted on November 29 with no amendments brought forward by Council.
“Despite being given strong mayor powers, I have committed to my Council colleagues that we will continue to work together, as a team, to advance budgets that focus on our shared priorities and execute our strategic plan. Council and staff are unified in our commitment to enhancing the resident experience and I believe the 2024 budget demonstrates just that,” said Mayor Lovatt.
When the Town’s tax levy increase is combined with the Region of York’s tax rate and the Province of Ontario’s Educational Property Tax rate, the estimated blended property tax increase for a resident of Stouffville is 3.03%. Therefore, a property owner with an assessment of $800,000, will have a total estimated annual increase in their property taxes of $189.
This budget approves three new full-time hires for the Town: A Utility Locates Operator, a Skating Trail Operator and a Fire Prevention Inspector.
Capital highlights of the budget include:
- $3,600,000 for the reconstruction of Commercial Street, Library Lane & Mill Street;
- $2,264,000 for road and watermain reconstruction on O’Brien Avenue;
- $1,550,000 for the resurfacing of Bethesda Side Road.; and
- $1,000,000 for Main Street reconstruction (the design portion of Ninth Line to Stouffer Street)
The 2024 operating and capital budgets, and other supporting documents, are available online at townofws.ca/budget.