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Budgets and Financials


Each year, a variety of budgetary decisions need to be made to balance the needs within the City of Woodstock. These choices are made with an eye towards the long term sustainability of the municipality's services and infrastructure, while also evaluating the short term needs of our residents and industry.

The City of Woodstock's budget is divided into two segments, a Capital and a Revenue Fund (or Operating) Budget. 

2024 Budget

On March 21, Council approved the 2024 Revenue Budget, setting in place funding needed to continue delivering valued programs and services to our growing city.

The City tax levy for the 2024 Revenue fund Budget is $75,695,160 which is a 9.25 per cent increase over 2023. This results in a residential property tax rate increase of 7.42 per cent, meaning the average home in Woodstock will see an increase of $207.16 for the City portion of their property taxes. 

 2024 Capital Budget

The Capital budget funds the purchase and rehabilitation or upgrades to large city-owned assets including buildings, land and roads, as well as the purchase of equipment such as vehicles and machinery. 

An overview of the 2024 Capital Budget and 2025-2028 Capital Forecast Plan was presented to Council on Thursday, Nov. 16, 2023. Detailed presentations by staff took place at a special Council meeting on Tuesday, Nov. 21 before the Capital budget was considered adopted at the Dec. 14 meeting.

 2024 Revenue Budget

The Revenue Budget provides the funds needed to operate our city facilities an operations on an ongoing basis. Operating expenses include all expenses that are not capital expenditures including wages, supplies, licences and the procurement of equipment that is not significant enough to be considered a capital asset.

The following is the schedule for Council's consideration of the 2024 Revenue Budget:

Budget Schedule
Thursday, Feb. 15, 2024

Revenue Budget Overview

Revenue Budget Presentation

2024 Preliminary Revenue Budget 

Tuesday, Feb. 20, 2024


Thursday, Feb. 22, 2024

Revenue Budget Review
Thursday, March 7, 2024 Police BoardLibrary Board and Woodstock Art Gallery Board Budget Overview
Thursday, March 21, 2024 Scheduled Final Budget Motions and Approval

Departmental Presentations

Tuesday, Feb. 20, 2024

Thursday, Feb. 22, 2024

Past Budgets

2023 Budget

2023 Budget Documents

2023 Revenue Fund Budget

2023 Capital Budget

Please contact 519-539-1291 if you require an accessible version.

2022 Budget

2022 Budget Documents 

2022 Budget Presentation - This document provides a high-level summary of the budget as presented to council

2022 Budget Notes - This document provides a summary of the City's budget as approved by council with additional notes to provide context.  

2021 Budget

2021 Budget Approval
2021 Budget Approval Media Release
2021 Revenue Budget Pre Portrait February 2021
2021 Revenue Budget Pre Portrait February 2021
2021 Preliminary Operating Budget
2021 Preliminary Operating Budget
CAO Revenue Fund Budget Presentation Feb. 17, 2021
CAO Revenue Fund Budget Presentation Feb. 17, 2021
2021 – 2025 Preliminary Capital Budget
2021 – 2025 Preliminary Capital Budget

Financial Statements and Previous Budgets

City of Woodstock Financial Statements can be found on our Financial Statements page. If you are interested in viewing previous Capital Forecasts and Operating Budgets, please contact the Treasurer's office.

Contact Us

© 2017 City of Woodstock P.O. Box 1539, 500 Dundas Street, Woodstock, ON N4S 0A7


Phone: 519-539-1291
Email: General Information

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