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Budget 2008

Budget Info

  • Budget - Prior Years 

  • Other Financial Info  
  • 2008 Budget

    On March 17, Richmond Hill Council approved the 2008 Budget, setting the focus on service value and future investment. To calculate your taxes, use our online Tax Calculator.

    Tax Levy Increase - 4.9%

    2008 Tax Impact Pyramid - click to enlarge

    For a sample home assessed at $385,000, the amount represents a cost increase of 14 cents/day or $49.74/year for all Town base services as well as new items tabled on this year’s budget.

    (click on image at left for Tax Rate Impact Pyramid)

     

  • Read the 2008 Budget news release

    Tax Increase Amounts For Various Sample Home Assessment Values

     Property Assessment Value
    Tax Impact in Dollars
    Daily
    Annually
    $200,000
    $0.07
    $25.84
    $250,000
    $0.09
    $32.30
    $300,000
    $0.11
    $38.76
    $385,000
    $0.14
    $49.74
    $400,000
    $0.14
    $51.68
    $450,000
    $0.16
    $58.14
    $600,000
    $0.22
    $77.52

    2008 Budget Highlights
    The Town’s 2008 Budget includes operating expenditures of $107.7 million and capital expenditures of $27.8 million. Some major budget highlights include:

    • Opening of the Richmond Hill Centre for the Performing Arts
    • Opening of the fully accessible Crosby Park
    • Opening the Access Richmond Hill contact centre
    • Approving the design of Oak Ridges Community Centre and Park
    • Expanding the successful GoingGREEN organics collection program to apartments and condos
    • Increasing the amount of the Seniors’ Tax Assistance Grant to $265
    • Purchasing four traffic calming mobile message boards for use in neighbourhoods
    •  Initiating a Town municipal offices relocation feasibility study
    • Completing the children’s department expansion at Central Library
    • Rehabilitating Pioneer Park stormwater pond
    • Restoring the Lake Wilcox shoreline
    • Approving the Strategic Plan and complete background work for a new Official Plan
    • Operating the lead testing program for residential and business water analysis
    • More 2008 Budget Highlights

    For more information about the Town's Budget, call the Finance Department at (905) 771-8800 or e-mail us at budget@richmondhill.ca.

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