As your municipal government, the Municipality of Strathroy-Caradoc is charged with responsibly managing and investing the tax dollars you pay to meet the needs of the community and ensure all of our strategic priorities are addressed.
Multi-Year Budgeting
Beginning in 2024, the Municipality of Strathroy-Caradoc will be adopting a multi-year budget. During the budgeting process, the Municipality's Finance Committee will develop a budget that will account for all of the funding and spending required to provide valuable services to residents. Instead of a typical one-year budget, the Municipality will now be adopting a four-year budget which will be in effect from 2024 to 2027. Once a four-year budgetary plan is agreed upon by the Finance Committee, the proposed multi-year budget will go forward to Strathroy-Caradoc Council for final approval and adoption.
As per the Municipal Act, 2001, the adoption of a multi-year budget requires an annual review and re-adoption process. This re-adoption process allows Strathroy-Caradoc Council to respond to changing circumstances that might require an adjustment to the allocation of funding.