Budget

Richmond Hill's annual budget is made up of the following: Operating Budget; Capital Budget; and Water, Wastewater and Stormwater Budget. Learn more about how tax dollars are spend on the My City at Work page. 

Operating Budget

Richmond Hill's Operating Budget covers the costs of everyday operations and activities, including utilities, rent, insurance, staff wages and benefits, program supplies, transportation and repairs. 

2021 Operating Budget

Richmond Hill Council approved the 2021 Operating Budget on February 10, 2021. The budget news release, Richmond Hill Council Delivers Property Tax Freeze, provides details.

Each dollar of Richmond Hill’s operating budget breaks down as 15 cents for Fire and Emergency, 6 cents for road maintenance, 5 cents for winter maintenance, 3 cents for waste collection, 1 cent for Access Richmond Hill, 12 cents for recreation and events, 6 cents for municipal facilities (arenas, pools, etc.), 5 cents for public library, 4 cents for parks and trails, 2 cents for environment services, 18 cents for administration and other services, 7 cents for planning and development, 7 cents for asset renewal and capital programs, 6 cents for information technology, 3 cents for by-law enforcement.

Richmond Hill collects taxes on behalf of York Region and the Province of Ontario for education. In 2021, approximately 27 per cent of taxes remain in Richmond Hill; 50 per cent goes to York Region and 23 per cent to education.

This graphic shows how each dollar of property tax that stays in Richmond Hill is broken down. Learn more about how the City puts your tax dollars to work on our My City at Work page. 

Senior Tax Assistance Grant

The 2021 Operating Budget includes the Seniors' Tax Assistance Grant, which is $404 per eligible applicant in 2021. 

To qualify for the Senior Tax Assistance Grant, seniors must be 65 years of age or older and apply each year, occupy their residential property in Richmond Hill, be the assessed owner (or spouse of the owner) of the property for at least one year immediately preceding the date of the application and receive the Guaranteed Income Supplement as provided under the Old Age Security Program. Learn more and apply for the Senior Tax Assistance Grant

 

Draft Operating Budget

The Budget Committee of the Whole met January 26, 2021 to discuss the 2021 draft operating budget and the City is on target for a 0% tax increase. The budget will be approved at the February 10 Council meeting. 

The Budget Committee of the Whole met October 6, 2020 to review the 2020 and 2021 budget. Learn the latest in the October 6 news release: Richmond Hill Takes Action to Ease Budget Impact of COVID-19.  

Funds for the Operating Budget come from taxes, fees and other items, such as program registrations.

The Operating Budget also determines the annual tax rate. Council approves the tax rate. For information on past budget processes, please visit the Past Budgets page.  

If you require a budget document in an alternate format, please call Financial Services at 905-747-6454.

Capital Budget

Richmond Hill's Capital Budget outlines the financial needs for growth and maintenance of existing infrastructure, such as community centres, fire stations, pools, parks, trails, arenas, roads and sidewalks. 

The Capital Budget is funded through Richmond Hill's reserve funds, development charges and grants.

2021 Capital Budget Meeting

Tuesday, November 10, 2020 at 1:30 p.m. - 2021 Draft Capital Budget

The meeting can be viewed online via the City's YouTube Channel found at - https://www.youtube.com/c/CityRichmondHill 

Learn about Richmond Hill's 2021 Capital Budget in the November 10 news release: Richmond Hill to Invest $38 Million in the Community 

Learn how Richmond Hill's budget works: 

Capital Asset Sustainability Fee

Using Capital Asset Sustainability funds to Repair and Maintain Richmond Hill Infrastructure

Richmond Hill is responsible for the repair and maintenance of roads, community centres, trails, watermains and more. The funding for this comes in part from a fee that is added to property tax bills.

Prior to 2019, the Capital Asset Sustainability Fee was applied as a flat fee to all tax accounts in Richmond Hill. In 2019, the fee will transition to a levy on each property, based on a percentage of the Phased-In Assessment Value of a property as determined by the Municipal Property Assessment Corporation (MPAC).

Administering the levy based on property values is a more equitable approach to infrastructure funding.

Comparable GTA municipalities including Markham, Newmarket, Aurora, Mississauga, Brampton and Burlington use this approach for infrastructure funding and debt repayment.

Why do we need a Capital Asset Sustainability Levy?

The Capital Asset Sustainability Levy is needed to ensure the municipality has the funds to repair and maintain infrastructure such as roads, parks and buildings. Richmond Hill has $1.85 billion in infrastructure assets that need to be maintained for the safe use of residents.

As the City continues to grow and develop, more funds will be needed to build and maintain our infrastructure.

Similar to other municipalities, Richmond Hill is facing the challenge of the infrastructure funding gap – the difference between the funding needed to keep assets in a state of good repair and the funding available.

History of Richmond Hill’s Capital Asset Sustainability Fee

Council adopted the Capital Asset Sustainability Strategy in 2015, gradually moving the City towards a Pay As You Go funding approach to support the repair and replacement of capital assets. The two-part approach includes the introduction of the Capital Asset Sustainability Fee to increase available funds and the careful prioritization of capital project priorities.

From 2016 to 2018, the adoption of the Capital Asset Sustainability Strategy resulted in a flat rate fee, where all property owners pay the same fee. In 2019, the Capital Asset Sustainability Fee will change to a Capital Asset Sustainability Levy. The levy is based on the Phased-In Assessment Value of a property as determined by MPAC and the rate Council sets each year.

The levy will raise the same amount of funds as the fee; however, there will be changes in the amount payable among residents and business owners.

How much will the Capital Asset Sustainability Levy be?
Council will set the overall amount to be collected through the levy during the 2019 Budget process. The levy will appear on the Final Tax Bills, which will be mailed to residents in June 2019.

Taxes

Richmond Hill collects taxes on behalf of York Region and the Province of Ontario for education. Only about one quarter of your tax bill pays for Richmond Hill services. Tax amounts are approximate and updated once York Region and the Province of Ontario approve their final tax rates each year.

Richmond Hill receives about $0.28 for every dollar of municipal taxes collected from a residential homeowner. We receive about $0.13 for every dollar of commercial taxes collected.

For more information, please view our property tax page.

Property assessments

The Municipal Property Assessment Corporation (MPAC) completes property assessments in Ontario. Every municipality uses these assessments to apply local tax rates on your tax bill.

Richmond Hill's Finance department is responsible for calculating, consolidating, billing and collecting municipal taxes from property owners in Richmond Hill. This includes residential and non-residential property owners.