Caledon tables three percent increase for 2025 budget

The budget recommends a property tax increase of 2 percent and an annual infrastructure levy of 1 percent to support funding gaps.

CALEDON, ON (December 2, 2024) – At the General Committee Meeting on Monday, December 2, 2024, Mayor Annette Groves presented the Town of Caledon’s 2025 Budget in accordance with Municipal Act, section 284.16. Following public consultation and input from community partners, the budget was designed by staff to address the challenges of Caledon’s aggressive growth forecast while maintaining essential services and critical infrastructure.

Building Caledon’s Future. Investing in our Community.
The Town’s budget features a property tax increase of 2% and an annual infrastructure levy of 1% aimed at closing the infrastructure funding gap, for an entire tax increase of 3%. Totaling $202 million (M), the budget consists of an $146M operating budget and a $56M capital investment. This budget balances growth opportunities with financial sustainability, ensuring resources are allocated efficiently for long-term success.

“Caledon is a vibrant and growing community and this budget reflects our commitment to balancing fiscal responsibility with the need to invest in the services and infrastructure our residents rely on, both today and tomorrow,” said Mayor Annette Groves. “While no one wants a tax increase, this modest adjustment is necessary to support the long-term sustainability of Caledon and the responsible move for the community’s future.”

Strengthening Operations for Continued Service Excellence
The Town budget includes strategic investments in services to improve service delivery and Caledon’s vitality and livability. The $146M operating budget covers maintenance, materials and employment costs to drive service excellence, as well as prepare the Town to meet demands of the community’s increasing growth with a focus on quality of life.

Key highlights include:

Community and recreation programming, including flagship events like Caledon Day

Costs and facilities staffing for training of services like enforcement, roads and winter maintenance

Expansion of frontline teams and operations to sustain quality service levels

Upgrades for better reporting and modernization of programming related to energy, environment and legislated requirements

Programming to support seniors and the aging population, while also advancing Caledon’s attraction for new entrants and entrepreneurs like the Humber River Centre

Capital Investments to Support Growth and Sustainability
The $56M capital investment would fund critical infrastructure projects, including road improvements, municipal buildings and fire and emergency services protection. These initiatives are designed to support local growth while addressing immediate needs.

Key highlights include:

Upgrades to fitness equipment at the Caledon Centre for Recreation & Wellness

Vehicles for Municipal Law Enforcement to align with the Town’s expanded service delivery model and Green Fleet initiative

Funding for a variety of engineering and construction projects to improve Caledon’s roads, bridges, trails and stormwater management

Investment in critical equipment, vehicles and resources for fire services to maintain emergency response, safety for our responders and community protection

Council will have an opportunity to review and propose amendments to the budget at the General Committee – Budget Meeting on Tuesday, December 10. Amendments to the 2025 Budget will then advance to the Council Meeting on Tuesday, December 17 for final approval. For more information and to stay updated on the process, please visit caledon.ca/budget.