2025 Business Plan and Budget

Posted: November 13, 2024
Updated: November 25, 2024

Oxford County Council received the DRAFT 2025 Business Plan and Budget on November 13, 2024.

Download the Draft 2025 Business Plan and Budget

This is the first step in Council's review and discussion of next year's budget. The final 2025 Budget, including any changes resulting from the special budget meetings, is before County Council for final approval on December 11, 2024.

Through a total proposed budget of $422.0 million, the draft budget package includes:

• a $291.0 million operating budget to deliver County programs and services, including those that provide affordable housing, support for vulnerable and unhoused people, safe drinking water, traffic calming and road safety, paramedic services, long-term care at Woodingford Lodge, reliable municipal infrastructure, community planning and development, provincial offences administration, County library services, and more
  
  
• a $131.0 million capital plan for municipal infrastructure and an additional $79.2 million in capital reserve transfers for future funding for roads, bridges, water and wastewater infrastructure, facilities, information technology and more under Oxford County's Asset Management Plan

The County share of municipal taxes, collected from each of Oxford's eight area municipalities through the tax levies, is proposed at $98.8 million for 2025. This would result in an average municipal tax increase, on an average residential household,* of $137 for the year, or just under $12 a month (10.1% increase over 2024). This number is an estimate only and subject to change through the budget process and the final MPAC (Municipal Property Assessment Corporation) assessment roll released at year-end.

Special budget meetings

Budget meeting presentations and recordings

Presentation: Budget overview at regular County Council meeting, Nov 13, 2024 - Download		Recording: Budget overview at regular County Council meeting, Nov 13, 2024 - Watch now (1-hour, 34-min mark)
Presentation: Special Budget Meeting 1, Nov 20, 2024 - Download		Recording: Special Budget Meeting 1, Nov 20, 2024 - Watch now
Presentation: Special Budget Meeting 2, Nov 25, 2024 - Download		Recording: Special Budget Meeting 1, Nov 25, 2024 - Watch now

Community feedback

Feedback from the community helps municipalities understand what's important to residents now as well as what is needed for the future as communities grow. The 2025 Budget Survey was open from June to August this year to allow residents to provide feedback on municipal services and indicate which ones should be a priority in the 2025 budget. Download the survey highlights

You can give feedback any time during the budget process by using the comment card below to send your comments or questions.

About Oxford County municipal taxes

If you own a residential property in Oxford County, you pay municipal property taxes. The amount collected is based on the value of your property as assessed by MPAC (Municipal Property Assessment Corporation)

Your municipal taxes are made up of three parts:

• the amount paid to your local area municipality
• the amount paid to Oxford County
• the amount paid to your designated local school board as set by the Government of Ontario

Oxford County's annual budget is funded through a number of sources, including:

• municipal taxes collected through the levy (23.4%)
• provincial and federal funding (26.4%)
• reserves, or funds earmarked for future expenses (21.1%)
• user fees and charges, e.g., water and wastewater rates collected by utilities (20.6%)
• other charges and debentures (8.5%)

Municipal tax increases in recent years have also been offset by growth in the County's municipal tax base as a result of population growth.

Learn more

* Based on the MPAC (Municipal Property Assessment Corporation) average current value assessment of an average single family detached residential property in Oxford County valued at $275,022. Learn more