Respecting taxpayers. Delivering Service Excellence.

Mayor Steven Del Duca tables 2024 Budget

Now available online, the City of Vaughan’s proposed 2024 Budget and 2025-2026 Financial Plan presents a balanced approach rooted in fiscal discipline and low taxes for residents and local businesses.

The proposed budget tabled by Mayor Steven Del Duca invests in the City’s public services, provides good value for taxpayer money and keeps Vaughan’s tax rate competitive. This is the first year the Government of Ontario’s Bill 3, the Strong Mayors, Building Homes Act, 2022, is in effect, introducing new requirements for the adoption of a municipal budget. 

Here is everything you need to know about the proposed budget:

Property tax-supported operating budget

The proposed 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 would still maintain 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). A 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 reserve funds for future water, wastewater and stormwater infrastructure needs. The combined 2024 proposed 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 also presented with proposed projects for 2024 and a forecasted financial plan until 2026. The proposed 2024 capital budget is $216.5 million, and the 2025-2026 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 proposed 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 to 2026 Financial Plan (PDF). 

BUDGET MEETINGS

Meetings to discuss the 2024 Budget will be held in the Council Chamber at Vaughan City Hall on:

• Wednesday, Nov. 29 at 7 p.m. – Special Committee of the Whole (Budget)
• Tuesday, Dec. 12 at 7 p.m. – Special Council (Budget)

Meeting agendas can be found online at vaughan.ca/CouncilMeetings. You can also watch these meetings live online at vaughan.ca/LiveCouncil.

GET INVOLVED

The City invites and encourages residents and local businesses to learn more about Vaughan’s promising future. There are many ways to get involved in the budget process:

• have your say at a budget meeting by speaking to Council
• comment on social media using #VaughanBudget2024
• fill out the online feedback form
• leave a voicemail on the Budget Hotline at 905-832-8610
• email questions and comments to budgeting@vaughan.ca
• learn about the budget at vaughan.ca/budget

QUOTE

“The City of Vaughan’s 2024 Budget will ensure our city maintains one of the lowest and most competitive tax rates in the Greater Toronto Area. We are committed to maximizing every dollar to ensure the high-quality services that our residents rely on remain. The 2024 Budget focuses on what matters most to residents, like fighting traffic gridlock and congestion through investing in Vaughan’s road network, and maintaining clean and safe neighbourhoods. As we look forward to the remainder of the 2022-2026 Term of Council, we will continue to be guided by fiscal responsibility and accountability, to ensure we are respecting taxpayers’ hard-earned dollars and investing in Vaughan’s promising future.”

- Mayor Steven Del Duca 

QUICK FACTS 

• This is the first year the Government of Ontario’s Bill 3, the Strong Mayors, Building Homes Act, 2022, is in effect. It has introduced new requirements for the adoption of a municipal budget. 
• View the City of Vaughan’s 2024 Budget Book and 2025 to 2026 Financial Plan (PDF) to learn more about how funds have been allocated. 
• Meetings to discuss the 2024 Budget will be held in the Council Chamber at Vaughan City Hall on Wednesday, Nov. 29 at 7 p.m. and on Tuesday, Dec. 12 at 7 p.m. 
• There are many ways residents can get involved in the budget process, including speaking to Council during a budget meeting, commenting on social media using #VaughanBudget2024, filling out an online feedback form, leaving a voicemail on the Budget Hotline at 905-832-8610, and emailing questions and comments to budgeting@vaughan.ca.

LEARN MORE 

• City of Vaughan’s budget webpage.
• City of Vaughan’s 2024 Budget Book and 2025 to 2026 Financial Plan (PDF).