2025 Mayor's Budget

 The City’s annual budget shapes and directs how we pay for the programs, services and infrastructure that make your life easier, more convenient, safe, and accessible. It also ensures we invest for the future, so we have sufficient funding for asset replacement and infrastructure without overspending.

The budget sets the direction for the work to be completed over the upcoming year.

The proposed 2025 Mayor’s Budget focuses on economic growth, investments in infrastructure, protecting our heritage assets, programs for youth, older adults and special events that bring our community together.

For 2025, the budget is being developed under the Strong Mayor legislation which sets out clear timelines and opportunities for the public and Council to provide input.

Read the Full Press Release Here

On December 9, 2024 Council adopted the 2025 Strong Mayor budget. Read the Full Release Here

Read the proposed 2025 Mayor’s Budget 

 2025 Mayor's Budget Process

View the video to see how the budget process works, from gathering your and Council’s input to final approval:  

 

 
 Average Residential Impact
For the average home in Cambridge, the proposed rate increases for the 2025 budget are: 
  • City Services: 3.68 per cent or $63 annually
  • Infrastructure Levy: 1.00 per cent or $17 annually

This totals 4.68 per cent. However, for 2025 the 3.42 per cent levy reduction for stormwater, normally paid through property tax, will move to your water utility bill. 

This means that the proposed 2025 budget represents a combined annual increase of 1.26 per cent or $22 for the average household, based on the average assessed property value of $341,000 and annual water consumption of 170m3.

 

 

Here's how the budget breaks down:

 

 
How to provide feedback on the budget

Cambridge residents will have the opportunity to have their voices heard on the proposed budget by either:

Mayor's Proposed Budget Presentation 

Additional Resources:

 

If you require an accessible version of the budget documents, please contact our Accessibility Services.