Budget & Finance

Learn about the Town's annual budget and where funds are allocated.

Town of Huntsville

Annual Budget

The Town of Huntsville sets an annual budget to determine what funds need to be raised for expenses.

The Budget & Financial Controls policy provides guidance on this process.

2026 Operating and Capital Budgets

The 2026 Mayor’s Budget was adopted on November 13, 2025

Town of Huntsville 2026 Mayor’s Budget

2026 Financial Reports

To come

Q1 Report

To come

Q2 Report

To come

Q3 Report

To come

Year-end Report

2026 Consolidated Budget

To come

2026 Capital Budget Forecast

To come

2026 Roads Capital Budget Forecast

Previous annual operating and capital budgets

Highlights

  • Tax rate increase - 4.84%
  • Estimated net overall tax rate increase - 3.10% (including District and Education)
  • Overall impact - additional $107 per $300,000 of property value per household per year

Impacts on the 2025 Budget

  • Interest Income: Provided a strong return on investments
  • New Home Growth: Increased based on new assessments
  • Multi-Year Budget: Long-term strategic management provides more stable tax rates
  • Insurance Premiums: Appraised and forecasted to increase for Municipal Assets
  • Reserve Repayment: Increased contributions to the Centre Street Environmental Reserve

Priorities of the 2025 Budget

  • Investing in Our Roads and Maintaining Quality Services
  • Supporting Town & Community Infrastructure
  • Investing in Healthcare
  • Investing in Human Capital

Highlights

  • Tax rate increase - 10.68%
  • Estimated net overall tax rate increase - 6.64% (including District and Education)
  • Overall impact - additional $137 per $300,000 of property value per household per year

Impacts on the 2024 Budget

  • Inflation - 4.75% (annually from 2021-2023)
  • Growth - 11% population growth (from 2014-2021)
  • Decrease in COVID relief funding
  • Cost of Goods & Services - risen 44-65% from 2021-2023
  • Growth in Usership - 11-100% growth in number of users (Community Services)

Priorities of the 2024 Budget

  • Maintaining Quality Services
  • Supporting Town and Community Infrastructure
  • Serving the Growing Population
  • Investing in Human Capital

If you require an alternate version of these documents, please contact us.

Previous Yearly Budgets

Financial information return

Learn more about the FIR through the Ministry of Municipal Affairs and Housing.

Learn more

Financial statements

Financial statements for the year ended December 31, 2024:

If you require an alternate version of these documents, please contact us.

Financial statements for the year ended December 31, 2023:

If you require an alternate version of these documents, please contact us.

Financial statements for the year ended December 31, 2022:

If you require an alternate version of these documents please contact us.

Financial statements for the year ended December 31, 2022:

If you require an alternate version of these documents please contact us.

Financial statements for the year ended December 31, 2020:

If you require an alternate version of these documents please contact us.

Note: The tax levy and the Town's assessment, set the annual property tax rates.