The Municipality of Greenstone practices financial transparency by publishing our annual budget and financial statements.
2025 Budget
2025 Tax Levy BUdget Overview
At the January 13, 2025 Regular Meeting of Council, Council passed and enacted By-Law 25-06, being a By-law to set the operating and capital budgets for the rate supported environmental services for the Corporation of the Municipality of Greenstone for 2025.
These rates were based on the Rate Supported Environmental Operating and Capital Budget. The budget document provides details on operating expenses, as well as planned capital projects. The capital projects have been planned for a variety of reasons (growth, legislation, necessary maintenance). The provision of potable or drinking water to municipal residents is highly regulated and these regulations are presented at length in the Greenstone 2021 Drinking Water Systems Financial Plan, previously approved by Council. The applicable legislation does not prescribe, but recommends, a financial plan for wastewater/sewer systems.
A 5.6% increase in water rates will raise residential rates from $289.50 per quarter to $305.71 or $16.21 more. A 4.0% increase in wastewater rates will raise residential rates from $265.84 per quarter to $276.47 or $10.63 more. Residential users that are connected to both water and sewer will see an increase to their annual cost of $107.39 or about $8.94/month.
At the January 13, 2025 Regular Meeting of Council, Council passed and enacted By-law 25-07 being a By-law to adopt the budget (estimates of revenues and expenditures) for tax supported purposes for the year 2025.
To learn more about our strategic priorities for 2025 view our 2025 budget proposal.
Learn about how we use our operating and capital budget.
Operating budget |
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The operating budget covers the cost for everyday operations and activities, including:
Expenditures are included in this budget for:
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Capital budget |
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The capital budget takes care of our current and future infrastructure such as:
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Asset Management Plan
Learn how we plan to manage our assets with our Asset Management Plan.
Financial statements
Financial statements are reviewed on an annual basis by an outside firm to ensure accuracy. The audit includes a consolidated balance sheet, statement of operations and cash flow documents.
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