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: Capital Budget and Revenue Fund (or Operating) 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. The Revenue (or Operating) Budget provides the funds needed to operate our city facilities and operations on an ongoing basis and includes all expenses that are not capital expenditures and the procurement of equipment that is not significant enough to be considered a capital asset.
2026 Budget
Council has approved the meeting schedule for the 2026 budget deliberations. Additional details will be posted closer to the meeting dates.
2026 Capital Budget & 2027-2030 Capital Forecast
| Date | Time | Details |
|---|---|---|
|
Thursday, Nov. 20, 2025
|
7 p.m. |
Distribution of 2026 Capital Budget and Overview Presentation (during regular Council meeting) |
|
Tuesday, Nov. 25, 2025 |
5 p.m. |
2026 Capital Budget Review meeting |
|
Thursday, Nov. 27, 2025 (if required) |
5 p.m. |
2026 Capital Budget Review |
|
Thursday, Dec. 11, 2025 |
7 p.m. |
2026 Capital Budget adoption (during regular Council meeting) |
2026 Revenue Budget
| Date | Time | Details |
|---|---|---|
|
Thursday, Feb. 19, 2026 |
7 p.m. |
Distribution of 2026 Revenue Budget & Overview Presentation (during regular Council meeting) |
|
Tuesday, Feb. 24, 2026 |
5 p.m. |
Revenue Budget Review |
|
Thursday, Feb. 26, 2026 |
5 p.m. |
Revenue Budget Review |
|
Tuesday, March 3, 2026 |
5 p.m. |
Alternate or supplemental date for Revenue Budget Review (if required) |
|
Thursday, March 5, 2026 |
1:30 p.m. |
Suggested Police Board, Library Board and Art Gallery Advisory Board Budget Overview (during regular Council meeting) |
|
Thursday, March 19, 2026 |
7 p.m. |
Council Budget Motions and Revenue Budget adoption (during Council meeting) |
|
TBD |
|
Approval of General Levy By-law |
2025 Budget
The 2025 capital budget was adopted on Dec. 12, 2024 and the revenue fund budget was adopted on March 20, 2025. Detailed information about each of the departmental budgets can be found in the following table.
To help guide their recommendations, staff considers the City's Asset Management Plan (AMP). The AMP is a strategic document that helps staff manage the City's infrastructure and other assets so that we're able to meet our service level expectations and make appropriate and fiscally responsible decisions.
| Meeting Date | Topic |
|
Thursday, Nov. 21, 2024 |
2025 Capital Budget and Overview Presentation |
|
Tuesday, Nov. 26, 2024 |
2025 Capital Budget Review Special Meeting |
|
Thursday, Nov. 28, 2024 |
2025 Capital Budget Review Special Meeting (additional meeting if required) |
|
Thursday, Dec. 12, 2024 |
2025 Capital Budget adoption (proposed) |
|
Thursday, Feb. 20, 2025 |
|
|
Tuesday, Feb. 25, 2025 |
Revenue Budget Review Special Meeting Departmental Presentations: |
|
Wednesday, Feb. 26, 2025 |
Revenue Budget Review Special Meeting - NEW DATE Departmental Presentations: |
|
Tuesday, March 4, 2025 |
Revenue Budget Review Special Meeting (additional meeting if required) |
|
Thursday, March 6, 2025 |
Police Board, Library Board and Art Gallery Advisory Board Budget Overview |
|
Thursday, March 20, 2025 |
Final Budget Day - Council Budget Motions and Revenue Budget Adoption |
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 | ||||||||||
|
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. |
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| 2024 Revenue Budget | ||||||||||
|
The following is the schedule for Council's consideration of the 2024 Revenue Budget:
|
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|
Departmental Presentations |
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|
Tuesday, Feb. 20, 2024
Thursday, Feb. 22, 2024 |
Past Budgets
2023 Budget
| 2023 Budget Documents |
|
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. |
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.
