Draft 2021 Budget books

The City of Peterborough Draft 2021 Budget was presented to City Council at its meeting on Monday, November 2, 2020 and posted online at peterborough.ca/budget for public review ahead of Council’s budget deliberations later in November.

Council will hold a public meeting on Monday, November 16, 2020 to hear from the community on the Draft 2021 Budget ahead of its budget deliberations scheduled for Monday, November 23 to Thursday, November 26, 2020.

Outside boards and agencies will be attending a Finance Committee meeting on Tuesday, November 17, 2020 as part of Council's review of the City's funding to the boards and agencies.

For information on how to register as a delegation at a Council meeting, please visit peterborough.ca/delegation or call the City Clerk’s Office at 705-742-7777 ext. 1820.

Council will consider approving the 2021 Budget on December 14, 2020.

The Draft Operating Budget includes $292.2 million for programs and services, such as waste management, road maintenance, wastewater sewers and treatment, social assistance, housing, recreation, culture, fire services, and policing.

The Draft Capital Budget includes $70.7 million for various infrastructure and capital projects such as road work, flood reduction efforts, facility maintenance, funding for the planned replacement of a fire station, sanitary sewer repairs, purchasing transit buses, funding for the implementation of City-wide household organic waste collection and composting, police capital projects, and work at the landfill.

The Draft 2021 Budget includes a proposed 2.87% increase in the all-inclusive rate for the average taxpayer based on an estimated 2021 median assessed value of $260,000, which remains unchanged from 2020. For the median single-detached home not on water, the all-inclusive (municipal, education, and storm and sanitary sewer surcharge) increase would amount to an increase of $9.89 a month or $118.69 for the year.

“The City of Peterborough’s annual budget is the guiding document for programs and capital works as the City moves forward. In recent years it has been a pleasure to see the increase in public participation in the budget process. It is especially important in these difficult times to encourage people to get involved and have a say in the process as Budget Committee works through balancing the City’s wants and needs with people’s ability to pay,” said Councillor Dean Pappas, Finance Chair.