The budget is the City's plan for the coming period, expressed in dollars. It is prepared taking into consideration community input and direction from City Council. The budget is made up of three parts:

Operating Budget - Annual operations of city facilities and services, primarily funded through property taxes and user fees, excluding water and sewer.

Water and Sewer Budget - Annual operations of water and sewer distribution, funded through user rates.

Capital Budget - Capital program for all city projects, funded through taxes, water and sewer fees, development charges, debt, grants, or other reserve funds.

The City of Cambridge released the 2024 Draft Budget and Business Plan on Tuesday, December 12th. The 2024 budget and business plan provides the City’s direction in meeting its goals and objectives under the Strategic Plan, Cambridge Connected. This Budget has been prepared based on Council direction through the 2024 Budget and Business Plan Timeline and Guidelines report to Council in May 2023. It’s important to note that it is also guided by community input through ongoing engagement with the public on priorities throughout the year.

The 2024 Draft Capital Budget represents $167.7 million investment in new infrastructure, the rehabilitation and replacement of existing infrastructure and support the overall growth of the City. The Draft Operating Budget dedicates $163.5 million toward the cost of City services, excluding water and sewer services.

Read the 2024 Draft Budget and Business Plan.

Key Dates

  • December 19, 2023 – Staff Presentation to Council
  • February 6, 2024 – Public Delegations
  • February 8 & 13, 2024 – Budget Deliberations

Public Delegations

The Public Delegations for the budget will be Tuesday, February 6th, 2024.

Delegates may either

  • Register to speak in person or via virtual attendance at the meeting. Registration can be completed online through the Delegation Request Form, or by contacting the City Clerk’s Office at clerks@cambridge.ca
  • Submit written correspondence (by email) and not attend to speak at the meeting.