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.

Read the news release 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.

Icons for the four priority areas in the Strategic Plan

2025 Plan and Budget Documentation
Please find the 2025 Preliminary Program Budgets
   
August 14, 2024 - Strategic Planning and Budget Sub-committee

Meeting details:

Agenda 

August 28, 2024 - Strategic Planning and Budget Sub-committee

Meeting details:

Agenda 

 September 11, 2024 - Strategic Planning and Budget Sub-committee

Meeting details:

Agenda 
October 2, 2024 - Strategic Planning and Budget Sub-committee

Meeting details:

Agenda
October 16, 2024 - 2025 Plan and Budget

Meeting details:

Agenda

Webcast 

October 30, 2024 - 2025 Plan and Budget

Meeting details:

Agenda

Webcast

November 6, 2024 - 2025 Plan and Budget

Meeting details:

Agenda

Webcast 

November 6, 2024 - Public Input Meeting #1

Meeting details:

  • The meeting is at 6 p.m. in the Council Chamber at 150 Frederick Street, Kitchener
  • You can attend in person or watch online through our council calendar page or through Youtube
  • You must register ahead of time to speak at the meeting. Online speakers will need to join via Zoom.

Agenda

Webcast 

November 20, 2024 - 2025 Plan and Budget

Meeting details:

Agenda

Webcast

November 27, 2024 - 2025 Plan and Budget

Meeting details:

Agenda

Webcast part 1

Webcast part 2

November 27, 2024 - Public Input Meeting #2

Meeting details:

  • The meeting is at 6 p.m. in the Council Chamber at 150 Frederick Street, Kitchener
  • You can attend in person or watch online through our council calendar page or through Youtube
  • You must register ahead of time to speak at the meeting.  Online speakers will need to join via Zoom.

Agenda

Webcast

December 3, 2024 - Public input meeting #3

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 32024.

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 and 20, 2024 - Final Budget Days

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 32024.

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:

Agenda 

Webcast part 1

Webcast part 2

December 20, 2024:

Agenda

Webcast

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).

2024 Final Budget Book

See all the 2024 Plan and Budget Documentation
October 4, 2023 - 2024 Plan and Budget: Setting the Stage

Meeting details:

Agenda 
Webcast

October 18, 2023 - 2024 Operating Budget and 2024-2033 Capital Program: Detailed Budget Review Day #1

Meeting details:

Agenda 
Webcast

October 18, 2023 - Public Input Meeting #1

Meeting details:

Agenda 
Webcast

November 1, 2023 - 2024 Operating Budget and 2024-2033 Capital Program: Detailed Budget Review Day #2

Meeting details:

Agenda 
Webcast

November 1, 2023 - Public Input Meeting #2

Meeting details:

Agenda 
Webcast

November 8, 2023 - 2024 Operating Budget and 2024-2033 Capital Program: Detailed Budget Review Day #3

Meeting details:

Agenda 
Webcast

November 22, 2023 - 2024 Operating Budget and 2024-2033 Capital Program: Detailed Budget Review Day #4

Meeting details:

Agenda 

Webcast

November 29, 2023 - 2024 Operating Budget and 2024-2033 Capital Program: Detailed Budget Review Day #5

Meeting details:

Agenda 
Webcast

November 29, 2023 - Public Input Meeting #3

Meeting details:

Agenda 
Webcast

December 13, 2023 - Final Budget Day

Meeting details:

Agenda 
Webcast

 

2023 Budget 

The Region's annual budget process was completed and approved by Council on February 22, 2023.

2023 Final Budget Book

Explore the 2023 Plan and Budget summary

Below is a summary of investments made by Region of Waterloo council through the 2023 Plan and Budget. You can also find an accessible PDF version here.

2022 Budget 

The Region's annual budget process was completed and approved by Council on December 15, 2021.

2022 Final Budget Book

2021 Budget 

The Region's annual budget process was completed and approved by Council on January 20, 2021.

2021 Final Budget Book 

2020 Budget 

The Region's annual budget process was completed and approved by Council on January 22, 2020. 

2020 Final Budget Book

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

2023 

2022

2021

2020

2019

2018

2017

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