2021 Town of Devon Operational Budget    

Devon Council approved the 2021 Operating Budget at their December 14, 2020, Council Meeting with a 2.62 per cent municipal tax increase for 2021.

For a household with a median assessed value of $308,900, the estimated impact of a 2.62 per cent tax increase is about $48.37 per year or $4.03 per month. Property assessments are based off of the calculated value of a property as of July 1 of the previous year.

Cost-saving Measures for 2021

Maintaining the services that residents expect and enjoy, while reducing the potential tax increase was a top priority of the 2021 Operational Budget. To further reduce this impact, Council approved a number of cost-saving measures including a reduction in training and travel budgets for both Council and Town staff and various reductions in department budgets across the entire organization for 2021.

2022 Town of Devon Operational Budget    

Devon Council approved the 2022 Operating Budget at their Dec. 13 Council Meeting with a 3.90 per cent municipal tax increase for 2022.

For a household with a median assessed value of $305,000, the estimated impact of a 3.90 per cent tax increase is about $71.97 per year or $6.00 per month. Property assessments are based on the market value of a property as of July 1 of the previous year.

Highlights in the 2022 Capital and Operating Budgets include:

• Debenture costs for the new ball diamonds development and paving of Range Road 262
• Extension of Michigan Street to Highway 19
• Installation of new solar crosswalks
• Replacement of Fire/Rescue Engine (cost shared 50/50 with Parkland County)
• Funding for the continuation of RVA Trail East (cost shared 1/3 with RVA & Federal Government)
• Maintaining reserve transfers for the future of Town facilities

2023 Town of Devon Operational Budget    

Devon Town Council has approved the 2023 Operating & Capital Budgets and the Three-Year Recovery and Service Stabilization Plan at their Dec. 12 Council Meeting with a 5.67 per cent municipal tax increase for 2023.

For a household with a median assessed value of $322,000, the estimated impact of a 5.67 per cent tax increase is about $113.15 per year or $9.43 per month. Property assessments are based on the market value of a property as of July 1 of the previous year and as such, these are estimated impacts.

2023 Capital Budget highlights

• Relocation of soccer pitches west of the Arena.
• Upgrading firefighter and CPO radios, linking emergency responders.
• Highway 19 realignment access.
• Continuation of River Valley Alliance east trail. 
• Vehicle and equipment repairs and replacement.
• Solar pathway lighting (locations to be determined).
• Speed enforcement monitoring signage

2024 Town of Devon Operational Budget    

Devon Council approved the 2024-2026 Operating & 2024-2028 Capital Budgets at their Nov. 27 Council Meeting with a 5.25 per cent municipal tax increase for 2024.

For a household with an assessed value of $322,000, the estimated impact of a 5.25 per cent tax increase is about $111 per year or $9.25 per month. Property assessments are based on the market value of a property as of July 1 of the previous year and as such, these are estimated impacts.

2024 Capital Budget Highlights

Some of the major projects included in the 2024 Capital Budget include:

• Repurposing the Esso Building (Federal Grant Dependent)
• Solar pathway & signalized crosswalk lighting
• Underground sanitary and water infrastructure evaluation
• Zamboni replacement (cost share with Parkland County)
• Splash Park feature replacement – Tower Spinner
• Walking trail rehabilitation
• Roadway reconstruction – Continued on Erie Street

2025-2027 Corporate Fiscal Plan    

On Nov. 25, 2024, Town of Devon Council approved the 2025-2027 Corporate Fiscal Plan which includes the Town’s 2025 Operational & Capital Budgets.

The Corporate Fiscal Plan outlines several key priorities for 2025-2027:

• Maintained service delivery to residents
• Continued investment in municipal reserves
• Capital investments in infrastructure renewal
• Supporting Devon’s 75^th Anniversary events

Factors that have had an impact on the 2025-2027 Corporate Fiscal Plan include:

• Increased municipal election costs due to changes to the Local Authorities Election Act
• Enhanced cybersecurity services to protect the Town from external cyber threats
• Increases to the fire department to maintain standards and support attraction/retention efforts
• Increased transfers to tax supported capital reserves
• Continued rise in operating costs due to inflationary pressure

Capital Budget Highlights

The 2025 Capital Budget was approved on Nov. 16, 2024, and focuses on infrastructure upgrades and community enhancements.

Key projects in the Capital Budget include:

• Improvements to the GFL Twin Arena speaker system & updating aging arena infrastructure
• Diving board upgrades and permanent shade structures at the Devon Community Pool
• Replacement of the water controller at the Spray Park
• Trail rehabilitation with pathway overlays to maintain the Town’s trail system
• New ovens and refrigeration coolers at the Devon Community Centre
• Roof replacement and equipment upgrades at the Fire Hall
• Modernized AV equipment for Council Chambers to support engagement and transparency.
• Replacement of sanitary, water, and steel gas mains to maintain essential utility services
• Installation of new water meters to improve efficiency and accuracy
• Maintenance and upgrades to the Water & Wastewater Treatment Plants
• Expansion of solar-powered pathway lighting along Birchwood Drive