Capital Budget:
The Capital Budget funds construction and repair of the Town’s infrastructure. A portion of the Capital Budget is funded from property taxes, while the rest is funded from reserves, development charges and other levels of government.
Operating Budget:
The Operating Budget covers day-to-day spending on services such as salaries, grass cutting, recreation programs and fire services. Property taxes cover a large portion of the Operating Budget, while the rest is funded through provincial grants and subsidies, as well as user fees.
Development Charges:
Development charges are fees collected from developers at the time a building permit is issued, to help pay for the cost of infrastructure required to provide municipal services to new development, such as roads, transit, water and sewer infrastructure, and recreational and emergency service facilities. Development charges are regulated through the Government of Ontario's Development Charges Act and were updated through Bill 108, More Homes, More Choices Act, 2019,that came into effect on January 1, 2020 with accompanying Ontario Regulation 454/19.
Road Rehabilitation:
The act of repairing portions of an existing pavement/road to reset the deterioration process. For instance, removing and replacing the wearing course in a pavement provides new wearing course material on which the deterioration process begins anew.
Remediation:
The action of remedying something, in particular of reversing or stopping environmental damage.
Watermain:
The main line in a water supply system.
Storm Sewer:
A sewer built to carry away excess water in times of heavy rain; a storm drain.
Stormwater Management:
The ultimate goal of stormwater management is to maintain the health of streams, lakes and aquatic life, as well as provide opportunities for human uses of water by mitigating the effects of urban development. To achieve this goal, stormwater management strives to maintain the natural hydrologic cycle, prevent and increased risk of flooding, prevent undesirable stream erosion, and protect water quality.
Culvert:
A tunnel carrying a stream or open drain under a road or railroad.
Slope Stabilization:
Any implemented technique that aims to stabilize an unstable or inadequately stable slope. The purpose of slope stabilization techniques is to increase the Factor of Safety of a slope to a level that is considered adequate.
Pumping Station:
A building with machinery for pumping large amounts of water.
