2020 to 2023 Multi-Year Budget
Interested in learning more about your City's budget?
Join our Finance Supports team for "The Current Budget and How Decisions are Made" - an upcoming virtual information session to be held on Zoom. Find out what it currently costs for services delivered to our community, how these services are funded, and how you can provide feedback.
Wednesday, October 20, 2021
6 p.m.
Ask questions about the budget process
Before tabling of the budgets later this fall, now is the perfect time to ask our Finance Supports team any questions you may have about the budget process. Scroll down to the bottom of this page, and use the handy Questions tab!
Key Budget Dates
Tabling of the Property Tax, Water, Wastewater & Treatment Budgets:
November 9, 2021, 4 p.m. at Strategic Priorities and Policy Committee
Budget Public Participation Meeting:
November 29, 2021, 4 p.m. at Strategic Priorities and Policy Committee
Property Tax, Water, Wastewater & Treatment Budgets Review
December 2, 2021, 9:30 a.m. at Strategic Priorities and Policy Committee
(continues December 3, 2021, if necessary)
Property Tax, Water, Wastewater & Treatment Budgets Approval
December 21, 2021, 4 p.m. at Council
Stay informed!
Sign up to receive key budget information, find out about upcoming virtual public information sessions leading up to the beginning of this year's Annual Budget Update process, and receive project updates using the "Stay Informed" button, located top right on this page.
Why a Multi-Year Budget?
A multi-year approach to budget allows for better alignment between the long-term goals of Council, as detailed in the 2019-2023 Strategic Plan, and the funding plans required to implement them.
It also provides Londoners with a clearer picture of service areas and programs their property tax dollars support.
Listen to Kyle Murray, Director of Financial Planning and Business Support speak to the flexibility of the MYB and the need for the annual update in this video:
What is an Annual Budget Update to the Multi-Year Budget?
An important element of the Multi-Year Budget is the Annual Budget Update process. It is required under the Municipal Act, 2001.
- Council must readopt the budget that year, and each subsequent year, for which the Multi-Year Budget applies.
Annual budget updates provide Council the opportunity to change the budget for special circumstances that require funding and resource adjustments. Read more about the Annual Budget Update.