Welcome to Budget Basics! When browsing our budget pages, you will find a lot of references to "capital" and "operating" budgets. Here are a few quick pointers that can help you understand the difference between the two:
Capital budget
The capital budget is used to either build or rehabilitate assets that will last for more than one year.
It is primarily funded through:
- property taxes
- town reserves
- development charges
- debt and grants
Operating budget
The operating budget is used to deliver programs, services and facilities services to meet the needs of Oakville’s growing community, and also accommodate for inflationary pressures.
It is funded primarily through:
- property taxes and
- user fees
Budget 101
Learn how we develop the municipal budget, the difference between the operating and capital budgets and the funding sources that support them.
Our video offers a brief overview on the breakdown of tax dollars, legislative requirements and the definition of a budget. Enjoy!
