Budget & Finance

Municipal Council works diligently to be fiscally responsible and to ensure that public funds are managed carefully and transparently. This involves setting clear priorities, reviewing detailed budgets, and balancing the need to maintain essential services and infrastructure while keeping tax impacts as reasonable as possible. Council evaluates long-term financial plans, asset management needs, and reserve levels, and considers both immediate pressures and future sustainability. Decisions are informed by staff reports, public input, and regulatory requirements, with ongoing monitoring throughout the year to track spending and make adjustments when needed. Through this disciplined and thoughtful approach, Council strives to protect the municipality’s financial health while delivering value to residents.

The Strategic Plan 2025–2030 identifies key pillars to guide the Township’s decision-making. The Fiscal Prudence Pillar includes Goal 6, which focuses on ensuring that new spending decisions are informed by an up-to-date understanding of asset management priorities and supported by the establishment of key performance indicators. The Asset Management Plan and related policies outlined in this section provide the framework and procedures to support this goal, ensuring that fiscal prudence remains a central consideration and that tax dollars are used efficiently and deliver measurable value.

Tax Rates

Tax rates are set each year based on a budget passed by Council and any other provincial legislation. 

Financial Statements

The Financial Statements, Notes to the Financial Statements, Auditor’s report and tax rate information for the current and previous years are available at no cost to any taxpayer or resident of the Township of Bonfield, upon request.

Municipal Funding/ Grants