London-Middlesex is in the Red/Control category of the Provincial Keeping Ontario Safe and Open framework. A number of City facilities have reopened to the public for in-person programs and services.
On March 2, 2020, London's City Council approved the 2020 to 2023 Multi-Year Budget which will result in an average annual tax increase of 3.9%, making it the second time the City has approved a four-year budget.
City Council also approved the 2020 to 2023 Water and Wastewater and Treatment budgets with an average annual increase of 2.5% for water rates and an average increase of 3.4% for wastewater and treatment rates.
The City's first Annual Budget Update to the 2020-2023 Multi-Year Budget has been submitted to Council sitting as the Strategic Priorities and Policies committee for review. Below you will find the Annual Budget Updates.
As directed by Council, two "Added" budget amendments have also been submitted to the Strategic Priorities and Policies Committee as part of the Annual Budget Update Review:
Public Participation Meeting Update
The City of London has added an additional way for residents to provide input as part of the 2021 Annual Budget Update Public Participation Meeting (PPM). Residents who want to participate, but would prefer to do so from home can now call 519-930-3502. You’ll then be placed into queue to provide feedback to the Strategic Priorities and Policy Committee. The meeting takes place on Monday, December 7, 4:00 p.m.
Tabling of General Property Tax and Water/Wastewater and Treatment Budgets
Budget Public Participation Meeting
Please Note: The City of London has added an additional way for residents to provide input as part of the 2021 Multi-Year Budget Annual Update Public Participation Meeting (PPM). Residents who want to participate, but would prefer to do so from home can now call 519-930-3502. You’ll then be placed into queue to provide feedback to the Strategic Priorities and Policy Committee. The meeting takes place on Monday, December 7, 4:00 p.m.
Property Tax and Water/Wastewater and Treatment Budget Review
Property Tax and Water/Wastewater and Treatment Budget Approval
You can watch the budget meeting live at london.ca/livestreaming
If you have comments or questions about the Annual Budget Updates or the Multi-Year Budget process, please visit the City's Get Involved site for more information. You can also reach out to the #LdnBudget team at email@example.com
View the budget update tabling presentation that was given on November 17, 2020 at the Strategic Priorities and Policies committee here.
If you have any questions or concerns, please reach out to the team at firstname.lastname@example.org.
The City of London's Property Tax Breakdown Calculator for the 2020-2023 Multi-Year Budget is a tool to help provide insights into how your tax dollars are spent over the four year budget approved by Council on March 2, 2020.
Do you understand how your municipal budget works? We have developed a list of FAQs that will help you to better understand the budget process.
The Municipal Act, 2001 authorizes a municipality to prepare and adopt a budget covering a period of two to five years. The City of London has chosen to utilize a four year period. Rather than approving a budget annually, Council approves budgets for the next four years, subject to annual re-adoption, to establish funding for as many strategic initiatives as possible to support the Strategic Plan. The last year of the multi-year budget is subject to reconfirmation by the new term of Council, also ensuring any changes are linked to the Strategic Plan.
A multi-year budget allows:
An important element of the multi-year budget is the annual budget update process. It is required under the Municipal Act, 2001. Council must readopt the budget for that year and each subsequent year that the multi-year budget applies.
Annual budget updates provide Council the opportunity to change the budget for special circumstances that require funding and resource adjustments. This can be done by one of three types of budget amendments: New or Changed Regulation, New Council Direction, and/or Cost or Revenue Driver.
New or Changed Regulation - A new or changed legislation or regulation with a financial impact to the municipality
New Council Direction - A new Council direction that has transpired after the approval of the multi-year budget
Cost or Revenue Driver - A corporate or service area budget shortfall as a result of changes in economic conditions
The operating budget outlines the City's spending plan to implement Council's goals and priorities. It is based upon service area day-to-day operations of programs and services, such as the cost of water supply and wastewater collection and treatment, transit, garbage collection and disposal, recycling, parks, arenas, recreation programs, road maintenance, libraries, policing and public health services. Examples of operating expenses include, salaries and wages, insurance, supplies, fuel and utilities. Contributions to capital reserve funds and debt servicing payments are also made from the operating budget.
The majority of the City’s operating budget is funded through property tax revenue. Other City funding sources consist of user fees, grants/subsidies, transfers from contingency reserves and other revenues such as investment income and fines/penalties. Although these other revenue streams are vital to providing services, they are very limited in nature and frequently restricted by legislative requirements and market conditions.
The capital budget outlines the City's capital expenditure plan and related funding for assets and related programs, such as water and sewer infrastructure, roads, arenas and parks, which will provide or support services to residents over many years. This budget pays for all new investments or rehabilitation of assets currently under the City’s control. Examples of capital expenses include roads, bridges, parks, trails, community centres, sewers and water mains. Within the capital budget and plan, there are three classifications for capital projects: life cycle renewal, growth and service improvement.
Funding sources for capital projects include: