2025 Annual Budget Update

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2025 Annual Budget Update Adopted

The 2025 Annual Budget Update has been adopted.

On November 21 and 22, Budget Committee met and deliberated further amendments to the City’s budgets. Minutes of the November 21, 2024 Budget Committee are posted here, and minutes of the November 22, 2024 Budget Committee are posted here.

On November 27, Council approved actions taken by the Budget Committee and on the same day, the Mayor decided that veto power will not be taken.

Finance Flicks

We have created a series of “Finance Flicks” to answer some of your most asked questions:

2025 Annual Budget Update Adopted

The 2025 Annual Budget Update has been adopted.

On November 21 and 22, Budget Committee met and deliberated further amendments to the City’s budgets. Minutes of the November 21, 2024 Budget Committee are posted here, and minutes of the November 22, 2024 Budget Committee are posted here.

On November 27, Council approved actions taken by the Budget Committee and on the same day, the Mayor decided that veto power will not be taken.

Finance Flicks

We have created a series of “Finance Flicks” to answer some of your most asked questions:

Questions?

Do you have questions about the Multi-Year Budget process?

The City of London's finance team will be happy to answer any questions about how we determine our budget.  Ask away!

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  • Share Could we change property taxes at all to have some relation to the savings of some entity rather than just the value of the land. Then if any changes want to be tested how would it be done and who would it on Facebook Share Could we change property taxes at all to have some relation to the savings of some entity rather than just the value of the land. Then if any changes want to be tested how would it be done and who would it on Twitter Share Could we change property taxes at all to have some relation to the savings of some entity rather than just the value of the land. Then if any changes want to be tested how would it be done and who would it on Linkedin Email Could we change property taxes at all to have some relation to the savings of some entity rather than just the value of the land. Then if any changes want to be tested how would it be done and who would it link

    Could we change property taxes at all to have some relation to the savings of some entity rather than just the value of the land. Then if any changes want to be tested how would it be done and who would it

    akaanoone asked 5 months ago

    Thank you for your submission. With regards to your question on how property taxes are calculated, the Government of Ontario establishes the province’s assessment and taxation laws. For more information on Ontario’s property assessment and taxation system, you can visit the Municipal Property Assessment Corporation website (MPAC) à mpac.ca

     

    You can also find useful information on factors that go into determining your yearly City of London property taxes at the following link, including a video under “how are my property taxes calculated?”. Property Taxes | City of London

     

    Thank you,

     

    Budget Team, City of London

Page last updated: 10 Feb 2025, 02:56 PM