Budget Basics
How we develop the town's budget and the funding sources.
Understanding capital and operating budgets
Capital budget
The capital budget is used to build or repair assets that will last for more than one year.
It is primarily funded through:
- property taxes
- town reserves
- development charges
- debt and grants
Operating budget
The operating budget delivers programs, services and facilities services. It helps us meet the needs of Oakville’s growing community and accommodate inflationary pressures.
It is funded primarily through:
- property taxes and
- user fees
Budget 101
Our video offers a brief overview on the breakdown of tax dollars, legislative requirements and the definition of a budget.
Figures used in the video are for illustrative purposes only and can vary from year to year.
