Budgets

2023 Budget Logo

King Township's many services and programs keep our community vibrant and encourage business growth and investments.

Garbage collection, public libraries, road repair, recreation programs, water testing, fire and emergency response are all municipal services King provides.

The operating budget includes annual expenditures for personnel costs, materials and supplies, contracted services, minor capital, debt charges, reserve transfers and program fees.

The capital budget includes expenditures and financing sources to acquire, construct, maintain and facilitate Township capital assets such as: roads, bridges/structures, water distribution and wastewater collection systems, recreational facilities and administrative facilities.

Budget Timeline

To stay up to date on Budget News please visit our SpeaKing Budget Page.

2023 Budget Documents

For questions or more information on the 2023 Budget please email: Peggy Tollett, Director of Finance/Treasurer ptollett@king.ca 

Annual Budget 

As per section 290(1) of the Municipal Act, 2001, “for each year, a local municipality shall, in the year or the immediately preceding year, prepare and adopt a budget including estimates of all sums required during the year for the purposes of the municipality, including,

  • Amounts sufficient to pay all debts of the municipality falling due within the year;
  • Amounts required to be raised for sinking funds or retirement funds; and
  • Amounts required for any board, commission or other body.

Township Council is thus required to approve a balanced budget each fiscal year that must be finalized and approved prior to final property tax bills being issued.

The operating budget includes annual expenditures for personnel costs, materials and supplies, contracted services, minor capital, debt charges, reserve transfers and program fees.

The Township’s capital budget includes expenditures and financing sources to acquire, construct, maintain and facilitate Township capital assets such as: roads, bridges/structures, water distribution and wastewater collection systems, recreational facilities and administrative facilities.

Budget Process

The Township adopted a new budget process for 2011, which was aimed at providing decision makers, Members of Council, with more information (qualitative and quantitative) to ensure that an informed decision regarding the 2011 budget could be made.