Clarington Approves New Multi-Year Budget Policy

On April 17, 2023, the General Government Committee of Clarington approved a new Multi-Year Budget Policy as outlined in Report FSD-019-23. The resolution included the approval of the Draft Multi-Year Budget Policy and the rescindment of the previous Policy G14 "Budget Policy". The new policy aims to enhance the municipality's financial planning by allowing for a more strategic approach to budgeting over multiple years. This change is expected to provide a clearer framework for allocating resources and setting fiscal priorities for future budgets. The implications of this policy are significant for Clarington's financial planning, as it will facilitate long-term planning and potentially improve the efficiency of budget management within the municipality.