Recognizing the financial realities residents face today, Markham’s Budget 2024 demonstrates a lean and efficient approach to prudent fiscal management. Maintaining assets in a good state of repair, while proactively planning for the future, ensures the City is:
Investing in road repairs, rehabilitation and traffic management improvements ($56.0M)
Constructing and maintaining our parks and trails ($14.7M)
Preparing responsibly for changing climate conditions. This year’s investment of $10.9M will include flood control, stormwater management construction, ponds and culverts.
Incorporating leading-edge technology to modernize systems and services ($5.8M for systems and technology infrastructure)
Taking positive steps towards achieving net-zero emissions by 2050 ($1.8M in green initiatives and environmental strategies)
Markham residents and business owners are proud of our city. Our community survey told us that over 90% of residents are satisfied with their quality of life in Markham and close to 80% believe they get good value from the City for their tax dollar.
This year’s budget continues Markham’s efforts to streamline service delivery. From 2009 to 2024, the City’s Excellence through Efficiency and Effectiveness (E3) Program will have delivered $35.6M in annual operating savings, equal to a tax rate increase avoidance of 28.12%.
As part of the City’s ongoing efforts for budget transparency, a Public Meeting has been scheduled for Budget 2024 on February 15 at 7PM.