Caledon passes 2025 Budget with three percent tax increase

December 19, 2024 · 0 Comments

By ZACHARY ROMAN

Local Journalism Initiative Reporter

The Town of Caledon has passed its 2025 budget, and residents can expect a three per cent tax increase.

This number will increase when the Region of Peel passes its 2025 budget, as Caledon residents’ tax increase is the combined rate from both municipalities.

The budget was passed at a December 17 meeting of Caledon Council. The budget was first brought forward on December 2, and then again on December 10.

Mayor Annette Groves said she’s proud of the collaborative efforts of Town staff and council in creating the budget.

“This budget reflects the priorities of our residents, balances growth with fiscal responsibility, and invests in the infrastructure and services that matter most to our community,” said Groves in a December 18 statement.

She added the budget ensures Caledon will continue to remain a vibrant, forward-thinking and inclusive place to live, work and do business.

Caledon’s 2025 budget is made up of a $147 million operating budget and a $58 million capital budget.

According to the Town, highlights from the operating budget include funding for municipal law enforcement and fire and emergency services; support for parks, recreation and culture programming; and road operations and environmental sustainability.

The Town said highlights from the capital budget include road and transportation network improvements; investments in vehicles and resources for fire and emergency services; and upgrades to equipment at recreation centres like the Caledon Centre for Recreation and Wellness.