Mayor David West’s 2025 Budget was adopted on December 11 to establish a path for essential investments for the safety of our community and to help ensure the City has the right infrastructure in place for our growing community.
The budget was developed through extensive research and discussions, including public consultation, to ensure it makes the most out of every dollar spent to sustain Richmond Hill’s thriving, vibrant and inclusive community.
Composed of an operating budget that supports the city's day-to-day operations and a capital budget that invests in the city’s future, the 2025 budget represents a responsible approach to maintaining the many programs and services that residents have come to rely on every day.
The total 2025 operating budget of $245 million results in a 4.69% property tax rate increase for Richmond Hill taxpayers, reflecting a 3.19% increase for the operating budget and a 1.5% increase for the Capital Asset Sustainability Levy. This increase equals $8.37 more per month on the City’s portion of the tax bill for the average single detached residential property in the city, assessed at $1,146,000. Over 37% of the operating budget comes from sources other than the tax dollar, such as user fees and grants.
By 2031, the city’s population is expected to grow by 25,000. The capital budget of $89.5 million will fund over 160 projects to ensure the city’s infrastructure and assets, including parks, trails, recreation centres and roads and sidewalks are safe and reliable for our growing community.
For a comprehensive look at the budget and a video about how the annual budget is developed, visit www.RichmondHill.ca/Budget .
