The budget outlines how the Township will raise and spend money to deliver services and maintain infrastructure.
| 2026 Budget |
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November 12, 2025, article: Township of Russell Adopts 2026 Budget
Key Dates:
If you wish to receive a copy of the full budget binder, send us a request by email. |
| 2025 Budget |
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Key Dates:
If you wish to receive a copy of the full budget binder, send us a request by email. |
| 2024 Budget |
Key Dates:
If you wish to receive a copy of the full budget binder, send us a request by email. |
| 2023 Budget |
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Key Dates:
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2022 Budget |
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Council adopted the 2022 Budget on Monday, November 1, 2021. The budget includes a tax increase of 2.5%. The Township’s average household assessment value of $346,000 will see a $44.53 tax increase in 2022. A total of $356,997 will be generated from the taxation increase. Due to the complexity of tables in the budget document, please contact the Accessibility Coordinator if you need accessibility support. View the: |
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2021 Budget |
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Council adopted the 2021 Budget on Monday, November 2, 2020. The budget includes a tax increase of 2.5% and a reduction in flat fee water and sewer rates. See our Paving and Capital Projects page for more information on upcoming construction. Due to the complexity of tables in this document, it may not be compatible with all assistive technologies. If you require this document in an accessible format, please contact us and we will make every effort to accommodate your needs. |
Capital and Operational Expenses
The annual budget decides how much money goes towards the priorities listed in our Strategic Plan, Business Plan, Asset Management Plan, and requests from the community throughout the year.
The Township's budget is divided into two sections – operating and capital.
Operational budget: Money used for day-to-day running of the municipality—things like staff salaries, electricity, garbage collection, and office supplies.
Capital budget: Money spent on big, long-term projects—things like building roads, bridges, parks, or buying fire trucks.
See our Paving and Capital Projects page for more information on this year's expected projects.
What Funds the Budget?
A municipal budget is funded by several key revenue sources that together pay for local services and infrastructure. The major funding sources are:
- Property taxes – the largest and most stable source of revenue.
- User fees and service charges – for things like water, wastewater, recreation programs, permits, and waste collection.
- Government grants – funding from the provincial and federal governments for operations or specific capital projects.
- Development charges – fees paid by developers to support growth-related infrastructure.
- Reserves and reserve funds – savings set aside from previous years to help pay for planned projects.
Budget Process
Budget Process Basics
A municipal budget is built by reviewing service needs, forecasting revenues, and estimating the costs to operate programs and maintain infrastructure. Staff prepare draft budgets, councillors review options, and the public provides input before the final budget is approved.
How Projects Are Chosen
Municipalities select projects based on community needs, regulatory requirements, asset management data, risk, safety, service levels, and available funding. High-priority projects—such as those addressing safety, compliance, or critical infrastructure—rise to the top, while other projects are timed based on affordability and long-term planning.
Financial Reports and Statements
The following public documents are available by request to our Finance Department:
- Financial Statements
- Financial Information Returns (FIR)
- Statements on Renumeration and Expenses of Members of Council