2020 to 2023 Multi-Year Budget

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2021 Approved Annual Budget Update

The City's first Annual Budget Update to the 2020 to 2023 Multi-Year Budget was approved on January 12, 2021 by Municipal Council. A combined Executive Summary of this annual update is provided in the following document:

2021 Executive Summary – Approved Property Tax, Water Rate, Wastewater Rate Supported Budgets

Below you will also find the detailed approved Annual Budget Update documents for the property tax, water rate, and wastewater rate supported budgets.

2021 Approved Property Tax Supported Annual Budget Update

2021 Approved Water and Wastewater and Treatment Annual Budget Update


Why a Multi-Year Budget?

A multi-year approach to budget allows for better alignment between the long-term goals of Council and the funding plans required to implement them and 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 the video link below.


Video Link for Annual Update Video


2021 Approved Annual Budget Update

The City's first Annual Budget Update to the 2020 to 2023 Multi-Year Budget was approved on January 12, 2021 by Municipal Council. A combined Executive Summary of this annual update is provided in the following document:

2021 Executive Summary – Approved Property Tax, Water Rate, Wastewater Rate Supported Budgets

Below you will also find the detailed approved Annual Budget Update documents for the property tax, water rate, and wastewater rate supported budgets.

2021 Approved Property Tax Supported Annual Budget Update

2021 Approved Water and Wastewater and Treatment Annual Budget Update


Why a Multi-Year Budget?

A multi-year approach to budget allows for better alignment between the long-term goals of Council and the funding plans required to implement them and 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 the video link below.


Video Link for Annual Update Video


  • Key Dates and Budget Timelines

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    More information will be coming in July 2021 for the 2022 Multi-Year Budget update.

    Stay informed! Sign up to receive budget information and updates using the "Stay Informed" button on this page.

  • Comments & Questions

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    Have any questions or comments about the Multi-Year Budget or the Annual Budget Update?

    The City of London's finance team will be happy to help you. Contact the team by email at budget@london.ca or call 519-661-4638.


    Interested in providing feedback on the budget?

    • Public Participation Meeting

    There will be a Public Participation Meeting held as part of the Annual Budget update. Check back for more information in Fall 2021.

    • Connect with your Councillor

    Your City Councillor is always interested in hearing your feedback and concerns. To learn who your Councillor is or what ward your neighbourhood falls under, visit the City Council page of London.ca.



  • Property Tax Breakdown Calculator

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    The City of London's Property Tax Breakdown Calculator for the 2020-2023 Multi-Year Budget is a tool to help provide insights into how your tax dollars are spent over the four year budget approved by Council on March 2, 2020.

    Property Tax Calculator

  • Finance Flicks

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    The City of London team have compiled a number of 'Financial Flicks' that will answer some of your most asked questions.

    Please take some time and view these short videos.

    What is a Multi-Year Budget and Why Does London Have One?

    Budget Basics: Building the Budget

    How Your Property Tax is Calculated

    The World of Development Charges

    What is Assessment Growth