2025 Budget

On this page

The 2025 budget represents a continued strategic investment in Milton. Council identified Milton’s priorities through the development of the 2023-2027 Strategic Plan.

This plan, a practical vision of the future, strives for a diverse and welcoming community defined by higher densities enabled by transit. This foundation will include transit system advancements, prioritized infrastructure, quality facilities and a diverse housing stock in varied neighbourhoods where people can live and work close to nature.

The 2025 budget aligns with the themes of the Strategic Plan, which include:

• Invest in people
• Innovate in technology and processes
• Quality facilities and amenities
• Connected transit and mobility
• Planned community growth

Capital budget

The capital budget funds construction and repair of the Town’s infrastructure, fleet and bus purchases, and corporate studies. The capital budget is funded from reserves and reserve funds, development charges, grants, and debt.

A growing municipality like Milton needs to invest in new infrastructure and the renewal of existing assets, such as roads, facilities, and parks.

The 2025 capital program includes 139 projects, valued at a community investment of $140.6 million, to provide programs and services to Milton.

The development of new assets and the rehabilitation of old infrastructure can be very costly. The Town continues to actively pursue available external funding opportunities to reduce the impact on taxpayers. In 2025, over 52 per cent, or $74.1 million of the capital program is funded from external sources, primarily development charge revenues.

Breakdown of capital budget

The breakdown of funding for the capital budget includes:

Operating budget

The operating budget covers day-to-day spending on services such as winter road maintenance, grass cutting, recreation programs, and fire services. The operating budget also finances the Town’s capital projects through debt payments and transfers to reserves.

In 2025, the operating budget represents an investment of $222.4 million in the Town’s programs and services.

Property taxes cover a large portion of the operating budget, while the rest is funded through non-property tax revenues (user fees, investment income, recoveries, etc.). In 2025, 49 per cent of the operating budget is funded through non-property tax revenues.

2025 household impact

Property tax bills are a combination of taxes collected for the Town of Milton, Halton Region, and the Province (education/school boards).

The estimated increase for the Town of Milton portion of property taxes is 9.89 per cent. Assuming a 4 per cent increase for Halton Region and an education increase of 0 per cent it would result in an estimated blended tax rate increase for 2025 of 5.66 per cent. The final total property tax rate can only be determined after finalization of the Regional and Provincial portions of the rates.

See more details of this breakdown below.

More information is available on household impact and value for tax dollar by understanding your tax bill.

The complete 2025 Budget is included in a report going to Council on Dec. 2, 2024.