2026 Budget Process Update

Peterborough, ON – Peterborough City Council will hear preliminary information on factors that may affect the City’s Draft 2026 Budget, during a General Committee meeting in the Council Chambers at City Hall, starting at 9 a.m. on Tuesday, June 10, 2025. The meeting will be livestreamed on the City’s website at peterborough.ca/WatchCouncil. 

Council will receive presentations from the City’s Finance Division, which leads the budget process, as well as presentations from Community Services, Infrastructure, Planning and Growth Management, and Peterborough Police Service. 

The June 10 General Committee report regarding the 2026 Budget process will go to the June 30 City Council meeting for approval. 

The budget process will continue with a community engagement meeting from 6:30 p.m. to 7:30 p.m. on Thursday, June 19 in the Banquet Hall at Healthy Planet Arena, 911 Monaghan Rd. 

The Draft 2026 Budget is expected to be presented in November 2025, which will be followed by further public consultation and Council debate on the Draft Budget. 

Under Strong Mayor Powers legislation, the City receives direction from the Mayor on the development of the City’s Budget. Council recommendations on the direction for the Draft Budget would be made to the Mayor, requesting that the Mayor take it into consideration in providing direction to staff about the preparation of the budget. 

It is anticipated that the Mayor will present the budget for adoption of the 2026 Budget in December. After the Mayor puts forward the budget, Council can pass resolutions to amend the budget within 30 days. The Mayor may veto a Council budget resolution and Council may then override a mayoral veto with a two-thirds majority vote. 

At this early stage of the 2026 Budget process, the Mayor has directed that the City staff prepare a Draft 2026 Budget that: 

The community engagement meeting on June 19 will include a brief presentation on the 2026 Budget process outlining how the budget is put together, a summary of results from the 2026 Budget survey that closed in April, and initial information on anticipated financial impacts that may affect the 2026 Budget. 

Information on the City budget is available at peterborough.ca/budget or on the City’s community engagement hub at connectptbo.ca/2026Budget, where comments can be submitted to the City’s Budget team.  

2026 Budget process