Under Part VI.1 of the Municipal Act, 2001, the Mayor is responsible to propose the municipal budget, which would be subject to Council amendments and a separate Head of Council Veto and Council override process. The 2026 Budget timeline is outlined below.
2026 Budget Timeline
Wednesday, December 3, 2025 | 1:00 PM | Financial Forecasting Meeting with Council and Staff |
Wednesday, December 17, 2025 | 9:00 AM | Financial Forecasting Meeting with Council and Staff |
Wednesday, January 21, 2026 | 9:00 AM | Financial Forecasting Meeting with Council and Staff |
Friday, January 30, 2026 | Mayors Budget Tabled - Mayor's budget is distributed to Members of Council and the Clerk, and posted publicly. Note: Budget is not tabled at a formal meeting of Council. Members of Council may propose amendments to the Mayor's Budget within a 30-day amendment window. | |
Wednesday, February 4, 2026 | 9:00AM | Council may propose amendments to the Mayor's Budget by a majority resolution. |
Wednesday, February 18, 2026 | 1:00PM | Council may propose amendments to the Mayor's Budget by a majority resolution. |
Sunday, March 1, 2026 | 30-day Amendment Period Ends - If NO amendments are received, the budget is deemed to be adopted by the Municipality. | |
Tuesday March 10, 2026 | Mayor's Veto Deadline - Last Day for the Mayor to veto amendments, with rational. | |
Wednesday, March 18, 2026 | 1:00 PM | Deadline for Members to Override Mayor's Veto (if any) - Any vetoes received will be an agenda items at the regular Council meeting; Council may vote to override the Mayor's veto with a 2/3 majority vote. |