Budget and Finances

The Town of New Tecumseth provides services and programs to our community based on the annual Town budget.

Draft 2020 Budget

The Town of New Tecumseth has launched the Draft 2020 Operating and Capital budgets, which will be presented to  the Committee of the Whole on November 15th, 2019.  Members of Council will discuss and recommend changes throughout the process. Scheduled dates planned for this year’s process are as follows:

November 8th,   2019                      - Draft Budget Release

November 15th, 2019 @ 9AM   - Committee of the Whole Budget Working Session and Presentation 

November 19th, 2019 @ 7PM   - Evening Public Input Budget Session (Town Hall) and Presentation

November 25th, 2019 @ 9AM   - Committee of the Whole Budget Working Session

December 9th,   2019 @ 7PM     - Committee of the Whole – Regular (Proposed Budget Recommendation)           

December 23rd, 2019 @ 7PM   - Council  Budget - Regular Session (Budget Approval)                                                               

The Draft 2020 Budget has a net operating and capital levy of $37.1M which results in a 3.8% increase. This translates to an increase of $84 per average household for the Town portion of the property tax bill and excludes any property tax impact associated with Simcoe County and the Education School Boards.

The Draft Water and Wastewater budget approval results in a 3% increase in water and wastewater rates effective April 1, 2020. The impact of the proposed rate change for an average residential home using 200 cubic meters of water is approximately $24.

The Draft 2020, Town, Water and Wastewater Budget includes overviews and highlights of the 2020 budget such as, where your residential property taxes go, the impact on the average household, budget at a glance, department summaries and much more.

The Draft 2020 Budget incorporates Business Improvement Area Levies, supporting the following BIA budgets:

Past Budgets

Financial statements

Our yearly financial statements are available as well, which have financial information for the Town, Library and Business Improvement Associations.

Cheque Summary Reports