Budget 2024

Respecting taxpayers. Delivering Service Excellence.

Respecting taxpayers and delivering Service Excellence are at the core of the City of Vaughan’s 2024 Budget and 2025-2026 Financial Plan, which was adopted by Vaughan Council this evening.

Brought forward by Mayor Steven Del Duca, the budget invests in the City’s extensive public services, provides good value for each tax dollar and keeps Vaughan’s property tax rate competitive.

Here is everything you need to know about Vaughan’s 2024 Budget:

Property tax-supported operating budget

The property tax-supported gross operating budget for 2024 is $377.4 million. This includes a three per cent property tax levy increase. With this, Vaughan still maintains one of the lowest and most competitive tax rates in the Greater Toronto Area. The City’s operating budget funds the many programs and services families rely on, including garbage collection, snow clearing and fire prevention education. Twenty-eight cents of every property tax dollar stays with the City to provide these and many other services. The rest is divided between York Region (50 cents) and the local school boards (22 cents). The three per cent increase amounts to an additional $4.58 per month on the average property tax bill. 

Water, wastewater and stormwater budget

The water, wastewater and stormwater budgets fund programs and services to ensure the City can provide safe drinking water, collect wastewater effectively, manage stormwater to mitigate flooding and contribute to reserve funds for future water, wastewater and stormwater infrastructure needs. The combined 2024 rate increase amounts to an additional $4.09 per month on the average water and wastewater bill per household.

Capital budget

The capital budget was presented with projects for 2024 and a financial plan until 2026. The approved 2024 capital budget is $216.5 million, and the 2025 to 2026 capital plan is forecast at $386.8 million. These investments will help the City grow sustainably, and funds will be spent on building and repairing City infrastructure, including roads, pipes and buildings. 

The 2024 Budget and 2025-2026 Financial Plan includes:

• $173.1 million towards Transportation and Mobility capital projects that will improve the reliability and safety of Vaughan’s road network and infrastructure.
• $151.8 million towards Service Excellence and Accountability capital projects that provide exceptional resident-focused services through continuous improvement, innovation, transparent and accountable decision-making, responsible financial management, and effective administration and communication.
• $123.1 million towards Environmental Sustainability capital projects that protect the environment and foster a sustainable future through social and economic initiatives.
• $116.1 million towards City-Building capital projects that build a world-class city based on good planning and urban design principles, which foster community well-being.
• $20.1 million towards Active, Engaged and Inclusive Communities capital projects that ensure Vaughan is a vibrant, diverse, inclusive and equity-based community for all.
• $18.2 million towards Community Safety and Well-being capital projects that foster a high quality of life in Vaughan through safe and healthy communities.

Learn more in the City’s 2024 Budget Book and 2025-2026 Financial Plan. 

QUOTE

“The City of Vaughan’s 2024 Budget is built on a foundation of respect for taxpayers and investing in Vaughan’s bright future. The budget is focused on fighting traffic gridlock and congestion through investments in Vaughan’s road network and maintaining clean, safe neighbourhoods. The budget process is a massive undertaking, with input from staff, Council and thousands of residents. Thank you to everyone who helped shape our City’s budget. The management of public funds is a sacred trust, and we will continue being prudent with your tax dollars, investing it wisely and making every dollar count.”

- Mayor Steven Del Duca 

QUICK FACTS 

• The City of Vaughan’s 2024 Budget and 2025-2026 Financial Plan were adopted during the Dec. 12 Special Council (Budget).
• View the City of Vaughan’s 2024 Budget Book and 2025-2026 Financial Plan to learn more about how funds have been allocated. 
• This is the first year the Government of Ontario’s Bill 3, the Strong Mayors, Building Homes Act, 2022, is in effect. The Bill introduced new requirements for adopting a municipal budget. 

LEARN MORE 

• City of Vaughan’s budget webpage.

• City of Vaughan’s 2024 Budget Book and 2025-2026 Financial Plan.