Each year the Town of Newmarket undertakes a detailed budget planning process to ensure we are meeting the needs of our community now and in the future. This includes valuable input from the community which helps guide the strategic priorities of Council.
At the Monday, December 8, 2025 Council Meeting, Newmarket Council approved a fiscally responsible 2.99 per cent tax increase (Town portion). The Town continues to deliver on its commitment to keeping municipal taxes as low as possible while investing in Town’s infrastructure, preparing for the future and maintaining the high level of services that make Newmarket a top place to live in Canada.
Council and staff worked diligently over many months, engaging the community throughout the process, to deliver a budget that limits the financial impact to residents as much as possible, while planning for the continued future success of the community.
The 2.99 per cent tax increase equates to an approximate $78 increase per year ($6.50 per month) for the average home. This is based on an average residential home assessed by the Municipal Property Assessment Corporation (“MPAC”) at $711,000 (based on 2016 market values). Newmarket’s tax levy remains one of the lowest in York Region and continues the Town’s commitment to keeping the levy approximately 10 per cent below the GTA average in taxes per capita.
The 2026 Budget is built upon the following goals:
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Maintaining service levels
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Ensuring a balanced approach on inter-generational equity (balancing current needs with the needs of future generations)
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Ensuring Newmarket is one of Canada’s best places to live, work and thrive
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Delivering capital programs to support growth and asset replacements
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Funding growth with growth dollars to maintain service levels as our population increases
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Building budgets on the foundation of the Fiscal Strategy
Get Involved in the 2026 Budget
It is very important to hear from our residents as we work together to shape the 2026 budget and the future of our community. Please have your voices heard by attending or watching the following meetings/ public engagement opportunities. Follow the Town's social media channels for ways to engage in the 2026 budget and chances to win gift cards to local businesses.
Meeting /event
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Date
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Committee of the Whole - 2026 budget process overview and target |
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Committee of the Whole – Preliminary draft budget
| September 29, 2025
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Budget booth at the Newmarket Farmers’ Market, visit us to learn more about the 2026 budget and future plans for the community
| October 4, 2025
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Special Committee of the Whole – Review of capital and rate-supported operating budgets
| October 20, 2025
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Special Committee of the Whole – Review of the tax-supported operating budget
| November 10, 2025
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Committee of the Whole – Presentation of the draft budgets and fees and charges
| December 1, 2025
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Council meeting – Council approval of the 2026 Budget
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December 8, 2025
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Additional Information about the Budget
