Budget and Finances

Caledon 2025 Budget

Caledon adopts 3% tax increase for 2025 Budget

The budget outlines a plan to fund key capital projects and essential services, featuring a 1% infrastructure levy and 2% property tax, for a total tax increase of 3%.

Understanding the Infrastructure Levy

An infrastructure levy is a dedicated portion of property taxes that helps maintain physical infrastructure such as roads, bridges and storm-water systems. The levy is a dedicated fund for long-term infrastructure needs as our infrastructure ages over time to support our community.

For 2025, the infrastructure levy was set at 1% of the overall property tax rate.

Supporting a State of Good Repair

A State of Good Repair (SOGR) means that infrastructure assets are functioning as intended—safe, reliable and efficient. Keeping assets in a SOGR helps prevent unexpected breakdowns, reduces long-term costs and provides a high quality of service for residents.

The infrastructure levy plays a key role in helping to address this SOGR by funding ongoing repair and renewal work as infrastructure ages.

Closing the Infrastructure Funding Gap

Like many municipalities, we face an infrastructure funding gap. The infrastructure levy is a proactive step toward closing this gap. It provides stable, dedicated funding to use in a more cost-effective manner to limit disruptive and costly repairs including emergency replacements.

Asset Management

We are working toward asset management best practices to ensure infrastructure investments are thoughtful and cost-effective. This includes:

Maintaining an inventory of infrastructure assets, their age and condition

Setting service standards based on community expectations related to safety, regulatory and environmental requirements. Planning for maintenance, rehabilitation and replacement over each asset’s lifecycle

Prioritizing projects using data and long-term financial planning

This strategic approach ensures that levy funds are spent where they’re needed most.

Frequently Asked Questions (FAQs)

Why is the infrastructure levy needed?
The levy provides sustainable, long-term funding to maintain and renew infrastructure to meet the community needs, avoiding important repairs and keeps assets in a SOGR, to help prevent costly repairs and emergency replacements.

How much is the 1% infrastructure levy

The levy represents 1% of the total tax rate. For example, if your annual property taxes are $3,000, about $30 would go toward the infrastructure levy.

What types of projects does the levy support?

Levy funds are used for projects like road resurfacing, storm-water main replacements, building repairs and other infrastructure supported by the Asset Management Plan.

Is the infrastructure levy permanent?

The levy is reviewed each year as part of the annual budget process. It may change based on infrastructure needs, quality of services and long-term financial planning.

How can I learn more or give feedback?

Residents can visit the Town’s Asset Management webpage, attend public budget meetings or contact the Town with questions or comments.

Contact

For more information or questions contact Service Caledon 3-1-1 or email info@caledon.ca.

Past Budgets

Financial statements

The Town also publishes annual financial statements, which provides Caledon's financial status including assets, liabilities, net worth, revenue and expenses. View our 2023 Financial Statements.

Past Financial Statements

Performance measurements

The Ontario Municipal Act requires municipalities to provide statistical data about performance measurement. Review the Town of Caledon's most recent 2023 performance measurements.

Municipal Performance Measurement Program

Annual reports

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