Budget 2026

Town of Aurora’s Budget Review Process Now Underway

On Monday, October 20, 2025, Mayor Markas tabled the 2026 Budget, officially starting the Town of Aurora’s budget review process. Council will now review the tabled operating and capital budgets, and organizations that receive financial support from the Town will present their supporting budget details. During the Budget Review process, Councillors have the opportunity to propose amendments to the 2026 Budget before its final adoption.

The tabled 2026 tax-levy increase is made up of a 0.6 percent increase for Town operations, 0.6 percent for Central York Fire Services, and a one percent annual increase to capital reserve contributions, ensuring long-term financial stability for major projects. For a home assessed at $800,000, this translates to an increase of $56.94. The annual gross spending in the operating budget increases from $126 million in 2025 to $131.7 million in 2026. The Capital Budget includes planned capital spending of $67.8 million in 2026 with multi-year Capital Budget Authority of $208.5 million to manage capital contractual commitments. The 10-Year Capital Plan totals $372 million.

The Budget Committee will commence its review of this budget on November 3. Any additional feedback on this budget may be provided to the Town at ourtownbudget@aurora.ca.

Aurora follows a multi-year budgeting framework that aligns with each Council term. In December 2023, Council adopted a three-year operating budget for 2024 to 2026. Each future year must be reviewed and re-adopted to ensure it reflects changing priorities and community needs. The current review of Budget 2026 is part of that process.