2016 Budget Presentations
Stages of Budget Process
Tax Bill Breakdown
Audited Financial Statements
|Richmond Hill’s annual budget is comprised of three components, the Operating Budget, the Capital Budget and the Water, Wastewater and Stormwater Budget.
Richmond Hill's Operating Budget consists of expenses that cover day-to-day activities or operations, including items such as utilities, rent, insurance, staff wages and benefits, program supplies, transportation and repairs. It also includes revenues received from taxes, fees and other items like program registrations. With approval from Council, the Operating Budget establishes the annual tax rate.
Council approved Richmond Hill's 2016 Operating Budget and Water, Wastewater and Stormwater Budget at a Special Council Meeting on February 23, 2016.
News Release: Richmond Hill Council Passes Balanced Operating Budget
Visit the budget presentations page to view the detailed department draft budgets and presentations.
Capital Budget - Approved November 23, 2015
Richmond Hill’s Capital Budget and 10 Year Capital Forecast is a comprehensive financial plan that addresses the financial requirements of growth and the maintenance of existing infrastructure, including community centres, fire stations, pools, parks, trails, arenas, roads and sidewalks, to name a few. The capital budget is funded through Town reserves, development charges and grants.
Council approved the $84.5 million 2016 Capital Budget at its November 23 meeting.
News Release: Richmond Hill Council Moves Forward with $84.5 Million Capital Budget