Each year the Town creates a budget (Five-Year Financial Plan) which lays out how the Town will allocate it's limited resources to achieve it's strategic goals in a fiscally responsible manner. The budget is reviewed and updated by staff and Council, and reviewed in an open public meeting on an annual basis.
To view past budgets click here.
View the 2021 Budget Schedule here. (subject to change)
The budget process involves balancing what income the municipality will receive within the year with the planned expenditures and preparing detailed plans which reflect those forecasts. The budgeting process starts in the Fall of the previous year and must be adopted by Council no later than May 15th.
Most members of Council and the general public know what municipal services they would like to have in their area. Effective financial management can help municipalities to transform their local areas into a better place to live and work.
Attend any of the Committee of the Whole or Council meetings to keep informed of the decisions being made that affect the budgeting process.
Visit crestonbudget.ethelo.net for the 2021 Citizen Budget Tool, which allows residents to use their own property assessment to see where their tax dollars are allocated, and to adjust the simulated budget based on their priorities. Results are used by Council to aid in decision making.