“4 Key Highlights You Should Know About Milton’s 2026 Budget & the Proposed Tax Increase”

Milton Town Council is preparing to make a major decision that will shape the future of our community. On December 1, the mayor and councilors will review the 2026 capital and operating budgets — a plan that will direct approximately $124 million toward more than 100 local projects.

This budget is especially significant because it’s the final budget of the current council term, with a municipal election scheduled for October next year.

4 Key Things to Know About Milton’s Proposed 2026 Budget

1. The Tax Increase: What It Means for Residents

The proposed 2026 budget includes a 7.94% increase in the local portion of residential property taxes. This translates to an additional $28.17 per $100,000 of assessed property value. While still an increase, it’s actually about two percent lower than last year’s hike. Council may still adjust these numbers during final deliberations.

2. Where the Money Is Going

The capital budget outlines $124.7 million in spending across 133 projects. Key investments include:

• Enhancements to 911 communications and dispatch services

• New financial management software

• Expanded Park improvements

• Upgrades to multiple recreation centers

• Transit expansion

• Major roadwork, including the urbanization of Fifth Line

• New trail systems in the growing Boyne area

3. What About Strong Mayor Powers?

Milton’s budget process falls under Ontario’s strong mayor legislation, giving Mayor Gord Krantz wide authority to shape the budget. However, Krantz has once again stated he won’t be using those powers, similar to last year when he chose not to exercise them even while criticizing council for the tax increase they supported.

4. Could This Affect the Upcoming Election?

With an election less than a year away, budget decisions could play a big role. Last year, Mayor Krantz openly challenged councilors who supported tax increases, suggesting they highlight those decisions in their re-election campaigns. This year’s votes may similarly influence public perception heading into October 2026.

Disclaimer: The information presented in this news article has been gathered from local news sources. Please refer to the provided references for verification. Click Here. 

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