12 Community Events On Nov. 25, 2024, Town of Devon Council approved the 2025-2027 Corporate Fiscal Plan which includes the Town’s 2025 Operational & Capital Budgets. For a household with an assessed value of $364,500, the estimated increase to municipal property tax for 2025 is about $126 per year or $10.50 per month. Property assessments are based on the market value of a property as of July 1 of the previous year. “Our 2025-2027 Corporate Fiscal Plan balances the need to plan for Devon’s future while maintaining service to our community,” said Mayor Craddock. “By investing in the Town’s infrastructure & services and funding reserves, we are continuing to support our residents while also creating opportunities for future growth and attracting new investment here to Devon.” Operating Budget Highlights Revenue for the Town’s Operating Budget comes from many sources including user fees, franchise fees, property taxes and grant funding. 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 75th 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 Utility Budget Highlights The 2025 Utility Budget was approved on Nov. 16, 2024, and includes adjustments to utility rates starting Jan. 1, 2025. For a typical Devon household using 240m³ of water and 130 GJ of natural gas annually, the estimated increase is $20.60 per month or $247 per year. Factors that have had an impact on the Town’s utility rates include: Increased operating expenses for Town utilities Greater transfers to utility reserves to fund future infrastructure needs Water Rate 2024 Basic Charge – $16.43/month 2025 Basic Charge – $18.08/month 2024 Consumption Rate – $1.90/m3 2025 Consumption Rate – $2.00/m3 Wastewater Rate 2024 Basic Charge – $38.57/month 2025 Basic Charge – $41.50/month 2024 Consumption Rate – $2.53/m3 2025 Consumption Rate – $2.70/m3 Natural Gas Rate 2024 Basic Charge – $35/month 2025 Basic Charge – $38.50/month 2024 Distribution Rate – $1.93/GJ 2025 Distribution Rate – $2.04/GJ Solid Waste & Recycling Rate 2024 Waste Rate – $32.60/month 2025 Waste Rate – $34.50/month Bulk Water Station Rate 2024 Bulk Water Rate – $5.50/m3 2025 Bulk Water Rate – $5.75/m3 Storm Water Drainage 2024 Storm Water rate – $8/month 2025 Storm Water Rate – $12/month The final municipal tax rate will be finalized in May 2025 after the assessment roll is completed and with tax notices sent to property owners by May 31. Payment is due by June 30, 2025. Learn more about the 2025-2027 Corporate Fiscal Plan at devon.ca/budget. Share Print