Budget and Financial Statements
2025 Plan and Budget
The Region of Waterloo’s Plan and Budget is how we support what matters most to the community. Regional Council passed the 2025 Plan and Budget on December 20. This budget maintains the essential services residents rely on across Waterloo Region. As inflation and rising costs continue to impact households, this budget balances affordability with the service needs of a growing community.
Explore the summary below of the 2025 Plan and Budget and its investments (click here to view full screen). You can also find a fully accessible version here.
The Region of Waterloo’s 2025 Plan and Budget will continue to invest in the priorities given to us by residents as we grow towards one million people in the coming decades. Learn more in our 2023-2027 Strategic Plan, Growing with Care.
Our four strategic priority areas are:
- Housing For All: We will invest in affordable homes and economic opportunity for all that are part of inclusive and environmentally sustainable communities.
- Climate Aligned Growth: As we grow, we will support a healthy environment where communities can thrive. Through intentional collaboration and creativity, we will support sustainable community growth.
- Equitable Services and Opportunities: Through collaboration and innovative design, we will provide equitable, accessible services across Waterloo Region that support the social determinants of health, safety and complete communities as we grow.
- Resilient and Future Ready Organization: The Region of Waterloo is a great place to work, where everyone is valued, feels they belong and where they have the supports and tools they need to do a great job. We will be prepared for the future by providing a safe space for bold ideas and experimentation, based on data and other ways of knowing.
2025 Plan and Budget Documentation
The Region's annual budget process was completed and approved by Council on December 20, 2024. Read the news release here.| August 14, 2024 - Strategic Planning and Budget Sub-committee |
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| August 28, 2024 - Strategic Planning and Budget Sub-committee |
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| September 11, 2024 - Strategic Planning and Budget Sub-committee |
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Meeting details: Agenda |
| October 2, 2024 - Strategic Planning and Budget Sub-committee |
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Meeting details: Agenda |
| October 16, 2024 - 2025 Plan and Budget |
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| October 30, 2024 - 2025 Plan and Budget |
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| November 6, 2024 - 2025 Plan and Budget |
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| November 6, 2024 - Public Input Meeting #1 |
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| November 20, 2024 - 2025 Plan and Budget |
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| November 27, 2024 - 2025 Plan and Budget |
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November 27, 2024 - Public Input Meeting #2 |
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December 3, 2024 - Public input meeting #3 |
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At the November 27 Planning and Budget Committee meeting, Regional Council directed staff to publish potential service reductions to meet a less than 8% budget guideline. To ensure residents and community partners have the opportunity to comment on these options, a third Public Input meeting will take place at 5:30 p.m. on Tuesday, December 3, 2024. These reductions are being published ahead of the December 11, 2024 Final Strategic Planning and Budget Committee meeting and the report can be found here. In total, the financial impact associated with the reduction options would amount to a 2025 net levy reduction of $5.2 million which translates into a property tax impact of 1%. This report is being published ahead of the December 11, 2024 Final Strategic Planning and Budget Committee meeting. In total, the financial impact associated with the reduction options would amount to a 2025 net levy reduction of $5.2 million which translates into a property tax impact of 1%. |
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December 11 and 20, 2024 - Final Budget Days |
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At the November 27 Planning and Budget Committee meeting, Regional Council directed staff to publish potential service reductions to meet a less than 8% budget guideline. To ensure residents and community partners have the opportunity to comment on these options, a third Public Input meeting will take place at 5:30 p.m. on Tuesday, December 3, 2024. These reductions are being published ahead of the December 11, 2024 Final Strategic Planning and Budget Committee meeting and the report can be found here. In total, the financial impact associated with the reduction options would amount to a 2025 net levy reduction of $5.2 million which translates into a property tax impact of 1%. This report is being published ahead of the December 11, 2024 Final Strategic Planning and Budget Committee meeting. In total, the financial impact associated with the reduction options would amount to a 2025 net levy reduction of $5.2 million which translates into a property tax impact of 1%. December 11, 2024: December 20, 2024: |
2024 Budget
The Region's annual budget process was completed and approved by Council on December 13, 2023.
Explore this summary of the 2024 Plan and Budget (click the link to view full screen).
| See all the 2024 Plan and Budget Documentation | ||||||||||||||||||||
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2023 Budget
The Region's annual budget process was completed and approved by Council on February 22, 2023.
| Explore the 2023 Plan and Budget summary |
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Below is a summary of investments made by Region of Waterloo council through the 2023 Plan and Budget. |
2022 Budget
The Region's annual budget process was completed and approved by Council on December 15, 2021.
2021 Budget
The Region's annual budget process was completed and approved by Council on January 20, 2021.
2020 Budget
The Region's annual budget process was completed and approved by Council on January 22, 2020.
2020 Final Budget Issue Papers
2019 Budget
The Region's annual budget process was completed and approved by Council on February 19, 2019.
2019 Final Program Budget Book
2019 Final Budget Issue Papers
2018 Budget
The Region's annual budget process was completed and approved by council on December 13, 2017.
Final 2018 Program Budget Book
Final 2018 Budget Issue Papers
Financial Statements
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