Multi-Year Budget

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2024 to 2027 Multi-Year Budget


Mayor's Budget









2024 to 2027 Mayor's Multi-Year Budget

(Final budget documents will be added to this site at a later date)



City of London 2024-2027 Multi-Year Budget Adopted

On Thursday, February 29, London City Council approved amendments to the Mayor’s Property Tax supported budget under the Ontario Strong Mayor’s Powers budget process. Mayor Josh Morgan indicated on Friday, March 1 that he will not be vetoing any Council approved amendments, and as such the City’s budget is deemed adopted as amended by Council.

The 2024-2027 Multi-Year Budget includes a four-year average tax levy increase of 7.5%, representing an average annual increase of $277 for municipal services based on an average residential property. The first year of this multi-year budget includes a tax levy increase of 8.7% in 2024, representing an average increase of $286 based on an average residential property.

"It’s been an honour to have chaired the budget process for London’s first strong mayor’s multi-year budget process," says Elizabeth Peloza, City Councillor and Budget Chair. “This multi-year budget, in conjunction with our Strategic Plan, will provide current and future Londoners with a clear vision for a vibrant and prosperous forest city."

“This has been a challenging budget process, but I am proud of Council for the time and care that went into each decision,” says Mayor Josh Morgan. “With all amendments having been finalized, the tabled budget is now Council’s budget. We have prioritized vital city services, and I know all members of Council are fully committed to ensuring these investments deliver on the types of results Londoners both expect and deserve. In the meantime, I can also ensure Londoners that work on lowering the projected tax increases for future years will begin immediately.”

The City’s budget also includes the Water and the Wastewater & Treatment rate supported budgets. No amendments were made to the Mayor’s Water and Wastewater budgets. The Water budget includes a four-year average rate increase of 2.9%, equating to an average annual residential cost increase of $16. The Wastewater & Treatment budget includes a four-year average rate increase of 4.8%, equating to an average annual residential cost increase of $36.

“The 2024-2027 Multi-Year Budget represents the City’s third multi-year budget” says Anna Lisa Barbon, Deputy City Manager, Finance Supports and City Treasurer. “The City’s multi-year budget process has continued to show its value in providing long-term planning while remaining flexible to react to major disruptions as seen over the last four years. This budget has been developed incorporating key elements of the City of London’s Strategic Financial Framework and continues to be a vital tool in putting London’s 2023-2027 Strategic Plan into action.”

For more information on the multi-year budget process, visit GetInvolved.on.ca/budget or London.ca/budget.




In Review: 2024 to 2027 Budget Process

Earlier in 2023, City Council approved the 2023-2027 Strategic Plan. This plan identified the shared vision, mission and priorities that will guide the City's next five years.

To provide a starting point to the Budget process, on December 12, 2023, at the Strategic Priorities and Policy Committee, City staff released the City of London’s three draft budgets and gave a presentation related to these budgets. The City uses a four-year cycle to budget (2024 to 2027). The City has three budgets:

  • Property Tax Budget
  • Water Budget, and
  • Wastewater and Treatment Budget.

The release of the budgets represented the start of an important process. Council evaluated the budgets - both the budgets to maintain the existing municipal services Londoners currently receive as well as several business cases. These business cases show:

  • impacts due to new or changed Provincial or Federal legislation that the City needs to adopt,
  • decision points to be made on new investments to aid putting the City’s strategic plan into action, and
  • a couple of opportunities for budget reductions.

Draft Base Budget amendments and Revised Business Cases

On January 16, 2024, the Strategic Priorities and Policy Committee received a Staff Report and Submissions from a number of Boards and Commissions containing amendments to the Draft Base Budget and Revised Business Cases. These amendments and Revised Business Cases were REFERRED to the Budget Committee deliberations on the 2024-2027 Multi-Year Budget.

Amendments to the Mayor's Budget - heard at Budget Committee

Budget Committee met during the month of February and concluded its meetings on the Multi-Year Budget on February 22, 2024. Amendments to the Mayor's Budget were presented at Council on February 29, 2024 for adoption. See a summary of the Amendments brought forward during Budget Committee meetings.

To see the impact of the approved Amendments on the Property Tax Levy, please view the Continuity Schedule.

There were no Amendments to the Water and Wastewater & Treatment Budgets.

Read the summary of decisions - begins at Item 3.2

View the Continuity Schedule (how the decisions made impact the Tax Levy)



Background: Strong Mayor Powers

In June 2023, the Ontario government announced the expansion of strong mayor powers to mayors in an initial 26 municipalities, including London. Strong mayor powers came into effect in the City of London as of July 1, 2023. Under the new changes to the Municipal Act, 2001, it is the Mayor’s responsibility to prepare a budget.

How strong mayor powers affects the budget process

The Municipal Act, 2001, is a provincial statute that regulates Strong Mayor Powers in Ontario. Under Part VI.1 of the Municipal Act, 2001, the Mayor of the City of London has been given special powers and duties, including the duty to prepare a budget.

The Mayor was required by the Municipal Act, 2001 and Ontario Regulation 530/22 to prepare a budget for the municipality and provide it to each member of Council and to the Clerk on or before February 1, 2024.

After the budget was presented on February 1, Council had 30 days to pass resolutions to amend the Mayor's Budget. If no amendments passed within the 30-day period, the Mayor’s Budget would be adopted.

If Council passes resolutions to amend the Mayor's Budget, the Mayor can decide to veto Council’s resolutions within 10 days of the expiry of the time period for Council to pass a resolution. If the Mayor doesn’t veto any amendments within the 10-day period, the budget as amended by Council resolutions is deemed adopted.

If the Mayor vetoes Council’s resolutions to amend the Mayor's Budget, Council can vote to override the veto within 15 days of the expiry of the time period for the Mayor to veto a resolution. In the vote to override a veto, two-thirds of the members of Council must vote to override the veto or the vote will fail. If Council overrides the Mayor’s veto, the amendment passed by Council will continue to have effect. If Council does not vote to override the Mayor’s veto, then the budget is adopted by the municipality after the expiry of the time period for Council to override the Mayor’s veto.




Ask questions about the budget process

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 "Questions" tab!


Mayor's Budget









2024 to 2027 Mayor's Multi-Year Budget

(Final budget documents will be added to this site at a later date)



City of London 2024-2027 Multi-Year Budget Adopted

On Thursday, February 29, London City Council approved amendments to the Mayor’s Property Tax supported budget under the Ontario Strong Mayor’s Powers budget process. Mayor Josh Morgan indicated on Friday, March 1 that he will not be vetoing any Council approved amendments, and as such the City’s budget is deemed adopted as amended by Council.

The 2024-2027 Multi-Year Budget includes a four-year average tax levy increase of 7.5%, representing an average annual increase of $277 for municipal services based on an average residential property. The first year of this multi-year budget includes a tax levy increase of 8.7% in 2024, representing an average increase of $286 based on an average residential property.

"It’s been an honour to have chaired the budget process for London’s first strong mayor’s multi-year budget process," says Elizabeth Peloza, City Councillor and Budget Chair. “This multi-year budget, in conjunction with our Strategic Plan, will provide current and future Londoners with a clear vision for a vibrant and prosperous forest city."

“This has been a challenging budget process, but I am proud of Council for the time and care that went into each decision,” says Mayor Josh Morgan. “With all amendments having been finalized, the tabled budget is now Council’s budget. We have prioritized vital city services, and I know all members of Council are fully committed to ensuring these investments deliver on the types of results Londoners both expect and deserve. In the meantime, I can also ensure Londoners that work on lowering the projected tax increases for future years will begin immediately.”

The City’s budget also includes the Water and the Wastewater & Treatment rate supported budgets. No amendments were made to the Mayor’s Water and Wastewater budgets. The Water budget includes a four-year average rate increase of 2.9%, equating to an average annual residential cost increase of $16. The Wastewater & Treatment budget includes a four-year average rate increase of 4.8%, equating to an average annual residential cost increase of $36.

“The 2024-2027 Multi-Year Budget represents the City’s third multi-year budget” says Anna Lisa Barbon, Deputy City Manager, Finance Supports and City Treasurer. “The City’s multi-year budget process has continued to show its value in providing long-term planning while remaining flexible to react to major disruptions as seen over the last four years. This budget has been developed incorporating key elements of the City of London’s Strategic Financial Framework and continues to be a vital tool in putting London’s 2023-2027 Strategic Plan into action.”

For more information on the multi-year budget process, visit GetInvolved.on.ca/budget or London.ca/budget.




In Review: 2024 to 2027 Budget Process

Earlier in 2023, City Council approved the 2023-2027 Strategic Plan. This plan identified the shared vision, mission and priorities that will guide the City's next five years.

To provide a starting point to the Budget process, on December 12, 2023, at the Strategic Priorities and Policy Committee, City staff released the City of London’s three draft budgets and gave a presentation related to these budgets. The City uses a four-year cycle to budget (2024 to 2027). The City has three budgets:

  • Property Tax Budget
  • Water Budget, and
  • Wastewater and Treatment Budget.

The release of the budgets represented the start of an important process. Council evaluated the budgets - both the budgets to maintain the existing municipal services Londoners currently receive as well as several business cases. These business cases show:

  • impacts due to new or changed Provincial or Federal legislation that the City needs to adopt,
  • decision points to be made on new investments to aid putting the City’s strategic plan into action, and
  • a couple of opportunities for budget reductions.

Draft Base Budget amendments and Revised Business Cases

On January 16, 2024, the Strategic Priorities and Policy Committee received a Staff Report and Submissions from a number of Boards and Commissions containing amendments to the Draft Base Budget and Revised Business Cases. These amendments and Revised Business Cases were REFERRED to the Budget Committee deliberations on the 2024-2027 Multi-Year Budget.

Amendments to the Mayor's Budget - heard at Budget Committee

Budget Committee met during the month of February and concluded its meetings on the Multi-Year Budget on February 22, 2024. Amendments to the Mayor's Budget were presented at Council on February 29, 2024 for adoption. See a summary of the Amendments brought forward during Budget Committee meetings.

To see the impact of the approved Amendments on the Property Tax Levy, please view the Continuity Schedule.

There were no Amendments to the Water and Wastewater & Treatment Budgets.

Read the summary of decisions - begins at Item 3.2

View the Continuity Schedule (how the decisions made impact the Tax Levy)



Background: Strong Mayor Powers

In June 2023, the Ontario government announced the expansion of strong mayor powers to mayors in an initial 26 municipalities, including London. Strong mayor powers came into effect in the City of London as of July 1, 2023. Under the new changes to the Municipal Act, 2001, it is the Mayor’s responsibility to prepare a budget.

How strong mayor powers affects the budget process

The Municipal Act, 2001, is a provincial statute that regulates Strong Mayor Powers in Ontario. Under Part VI.1 of the Municipal Act, 2001, the Mayor of the City of London has been given special powers and duties, including the duty to prepare a budget.

The Mayor was required by the Municipal Act, 2001 and Ontario Regulation 530/22 to prepare a budget for the municipality and provide it to each member of Council and to the Clerk on or before February 1, 2024.

After the budget was presented on February 1, Council had 30 days to pass resolutions to amend the Mayor's Budget. If no amendments passed within the 30-day period, the Mayor’s Budget would be adopted.

If Council passes resolutions to amend the Mayor's Budget, the Mayor can decide to veto Council’s resolutions within 10 days of the expiry of the time period for Council to pass a resolution. If the Mayor doesn’t veto any amendments within the 10-day period, the budget as amended by Council resolutions is deemed adopted.

If the Mayor vetoes Council’s resolutions to amend the Mayor's Budget, Council can vote to override the veto within 15 days of the expiry of the time period for the Mayor to veto a resolution. In the vote to override a veto, two-thirds of the members of Council must vote to override the veto or the vote will fail. If Council overrides the Mayor’s veto, the amendment passed by Council will continue to have effect. If Council does not vote to override the Mayor’s veto, then the budget is adopted by the municipality after the expiry of the time period for Council to override the Mayor’s veto.




Ask questions about the budget process

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 "Questions" tab!

Page last updated: 25 Mar 2024, 08:15 AM