City Budget

Richmond Hill’s 2026 Budget Survey gathered input from 180 residents, mostly aged 40–64 and living or owning property locally. Top funding priorities were snow clearing, parks, and emergency services. Lower priorities included festivals, climate initiatives, and housing programs. On housing, residents emphasized infrastructure upgrades, faster approvals, and sustainable growth, with some opposing City involvement in housing altogether.

Richmond Hill is on track to end 2025 with a balanced budget, despite $3.8M in emergency road repairs and higher snow and fire service costs. Extra revenues and savings offset these pressures. A $3.7M water shortfall will be covered by reserves. Survey results show residents prioritize snow clearing, parks, and fire services, while festivals, climate, and housing rank lowest. Fiscal feedback supports service reductions, modest tax increases, and new revenue strategies.

Richmond Hill’s 2024 financial reports highlight strong reserve growth, reaching $479.85M, supporting infrastructure, services, and emergencies. Key changes include new housing grant reserves, cannabis fund closure, and internal financing for $22.1M in stormwater upgrades. Development charges brought in $34.53M, while fees for 2026 are set to rise 2% to align with inflation. These actions reflect sound planning, financial stability, and readiness for future growth.

Agenda items: RH BIA and Library budgets, 2025 draft operating budgets, increase for cultural grants and an economic development mission.

Presentation of the 2025 Draft Capital Budget and Forecast for the Capital program reflective of Council’s Strategic Plan 2024-2027.

Agenda items include the 2025 Draft Budget Overview, the City Manager's Budget message and a new cultural centre.

Agenda items include the 2024 Year End Operating Forecast, Tariff of Fees and the 2025 budget survey results.

The City's budget is your budget. Make your voice heard.

Presentation of the 2025 Capital and Operating Budget Strategy, Budget engagement Plan and Budget timelines.

Year-End Operating Results as of December 31, 2023.

View the Members of Council annual compensation, benefits, expenses and event expenses ending December 31, 2023.

Agenda includes the 2024 Draft Budget, Traffic Safety & Operations Strategy, Transportation Plan, revised application 52 Beaufort Hills.

Part 2 of the 2024 draft Operating Budget will be presented.

Presentation of the draft 2024 Operating Budget. The budget proposes an increase in property tax of 4.76%.

Staff will be presenting the draft 2024 Capital Budget and 9 year forecast.

Information about the budgetary process and changes in provincial legislation and their impact on the budget.

On the agenda is a 2023 interim operating forecast and a tariff of fees update.

Presentation of the 2022 year-end operating results and the 2024 capital and operating budget strategy.

This is a continuation of the Budget meeting held on February 7th.

The 2023 Operating Budget will be considered at the February 7 and 14 Budget Committee of the Whole meetings.