Budget

The Tax Budget (or Levy Supported Operating Budget) refers to the funds required for day-to-day expenses. In many ways, it is similar to a typical household budget—things like the phone bill, groceries, and car insurance are “operating costs.”

The operating budget is funded primarily through Property Taxes, Fees & Charges, Reserve Fund Transfers, Grants, and Investment Income.

The Capital Plan refers to funds that are budgeted to update or purchase new infrastructure within Norfolk County, typically fixed assets (things like land, buildings, and equipment) that extend beyond one useful year. The expenditures in the capital budget are similar to a citizen purchasing a new car or renovating his or her home.

The capital plan forecasts capital purchases many years into the future as well. Norfolk County’s capital plan directs the flow of funds to many different approved projects, such as the construction and renovation of new facilities (like recreation centres) or the purchase of vehicles and equipment to maintain current operations. The capital plan and budget are funded through several different sources, including Donations, Tax Liens, Reserves, Funds, Development Charges, Debtor Proceeds, and Grants.

The Water and Wastewater budget refers to the funds required for Water and Wastewater (sanitary sewer) services. This includes the administration costs, operating costs, and other associated costs required to provide Norfolk with these services.

These budgets set water and sewer user fees for the upcoming year. The Water and Wastewater budget is funded through water and waste-water user rates.