Building on our success

Jan. 21, 2019 7:00 p.m.
​Mayor and Council hold first public meeting on Draft 2019 Budget and 2020-2022 Financial Plan
 
Mayor Maurizio Bevilacqua, Members of Council, professionals from the City of Vaughan’s administration and local citizens took part in the first public meeting to discuss the Draft 2019 Budget and 2020-2022 Financial Plan, which was tabled at the City’s Finance, Administration and Audit Committee on Jan. 21.
 
The Draft 2019 Budget and 2020-2022 Financial Plan is a commitment to prudent fiscal management by ensuring that every tax dollar collected is allocated to support the City’s long-term vision. It is anticipated that Vaughan’s total tax rate will continue to be one of the lowest in the Greater Toronto Area in 2019, with a proposed tax levy increase of three per cent.
 
The citizen-focused budget outlined in the Draft 2019 Budget and 2020-2022 Financial Plan reflects the goal of transformational city-building and moving the city forward while also delivering services more effectively and efficiently. It builds upon the strong financial foundation that has been created to support a fast-growing community. Vaughan embraces sustainable growth that balances the need to expand with opportunities to enrich lives through arts and culture, parks and trails, recreation and a dedication to fiscal responsibility. Support for these efforts are reflected in highlights from the 2018 Citizen Satisfaction Survey which show that an impressive 97 per cent of citizens are happy with the quality of life in Vaughan.
 
Mayor Bevilacqua and Members of Council want to hear from residents year-round, not just during the budget process. Visit vaughan.ca/council or call Access Vaughan at 905-832-2281 to connect with local representatives.
 
The next public meeting to discuss the draft budget is Feb. 4 at 7 p.m. The Special Council meeting to approve the draft budget is scheduled for Feb. 20 at 7 p.m. Both meetings take place at Vaughan City Hall and are live streamed at vaughan.ca.
 
QUOTE
 
“The Draft 2019 Budget and 2020-2022 Financial Plan is the City of Vaughan’s blueprint to build on our continued success to bring about a better, more promising future for our emerging world-class city. As we undertake this new Term of Council, we see a Vaughan that is a nationally acclaimed leader in city-building. We are renowned for responsibly managing taxpayers’ hard-earned dollars, while at the same time safeguarding investments for the quality public services families, businesses and citizens rely on each day. In Vaughan, we use best practices to guarantee fiscal sustainability and credibility. The Draft 2019 Budget and 2020-2022 Financial Plan is supported by these bedrock principles which guide our efforts to secure greater efficiencies and maximize every dollar we are entrusted to manage by the people of our great community. I want to further acknowledge and thank Ward 3 Councillor Rosanna DeFrancesca for her commitment and service as Chair of the Finance, Administration and Audit Committee.”
-        Mayor Maurizio Bevilacqua
 
QUICK FACTS
 
  • The proposed 2019 property tax levy increase is three per cent, which is an increase of approximately $53 per year for an average residential property assessed at $891,000 or $7 per year for a commercial tax bill of a property assessed at $100,000.
  • The City’s operating and capital budget has two distinct components: property tax-supported budget, and water, wastewater rate and stormwater-charge supported budget.
  • The draft 2019 property tax-supported operating budget is approximately $310 million in gross expenditures.
  • The water and wastewater-rate and the stormwater-charge supported operating budget for 2019 is approximately $180 million in gross expenditures.
  • The stormwater-charge has funded more than 300 initiatives.
  • The draft 2019 capital budget is approximately $166 million.
  • Where do taxes go?
    • Average residential tax bill (based on average assessment value of $891,000):
      • York Region, 48 per cent ($3,124)
      • City of Vaughan, 28 per cent ($1,837)
      • Local School Boards, 23 per cent ($1,515)
      • Hospital Precinct Levy, 1 per cent ($66)
    • Commercial tax bill (based on assessment value of $100,000):
      • Local School Boards, 58 per cent ($966)
      • York Region, 26 per cent ($432)
      • City of Vaughan, 16 per cent ($263) 
LEARN MORE
 
  • Read (PDF) the Draft 2019 Budget and 2020-2022 Financial Plan
  • Learn about the budget on the City’s website
  • Attend a public meeting
  • Fill out the budget feedback form
  • Join the conversation on social media using the hashtag #vaughanbudget2019
  • Share your thoughts on the Budget Hotline at 905-832-8610
  • Email your questions and comments to budgeting@vaughan.ca 
  • Read the complete City of Vaughan annual financial statements, at vaughan.ca/accounting
  • 2018 Citizen Satisfaction Survey highlights
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