2025-2027 Corporate Fiscal Plan    

On Nov. 25, 2024, Town of Devon Council approved the 2025-2027 Corporate Fiscal Plan which includes the Town’s 2025 Operational & Capital Budgets.

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 75^th 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