Councillor Adams appointed chair of 2013 Budget Committee

Wednesday, June 27, 2012 – for immediate release

Councillor Adams appointed chair of 2013 Budget Committee

Council direction to keep total tax increase in line with inflation

At Monday’s inaugural Budget Committee meeting, Councillor Tom Adams was unanimously appointed for a fifth consecutive year as Oakville’s Budget Chair. Councillor Adams holds his Master’s in Business Administration from McMaster University and is a former senior risk manager to one of Canada’s major financial institutions.

The Budget committee heard from senior staff about forecasted expenditure levels to ensure the total 2013 property tax increase does not exceed current inflation rates.

“Oakville’s finances are very strong,” Mayor Rob Burton said, “thanks to our very low level of tax supported debt and our funding of infrastructure renewal equal to the depreciation of our assets, which takes a lot of pressure off of the property tax.”

As its first order of business, the Budget Committee received the 2013 Budget Directions and 2014 and 2015 Budget Forecast. Plans for a series of fall public open houses, interactive online forums and Budget Committee meetings are underway, with the recommended 2013 budget targeted to go to Council in December.

“Connecting with the public is very important to us,” Budget Chair Councillor Adams explained, “Our goal is simple, make the budget as easy to understand as possible so all constituents can have their say. We plan to intensify our social media and online communication efforts to engage even more Oakville residents.”

Five years ago Oakville was the first Canadian municipality to shift to a fiscal management system called “Performance-Based Program Budgeting (PB2),” also known as budgeting for outcomes. The 2013 budget documents will be released in November. Watch the meeting on TownTV.

Media contact

Nancy Sully
Deputy Treasurer and Director, Financial Planning
Town of Oakville
905-845-6601, ext. 3143
nsully@oakville.ca

Janine Ivings
Senior Communications Advisor
Town of Oakville
905-845-6601, ext. 3005
jivings@oakville.ca


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Councillor Adams appointed chair of 2013 Budget Committee