Budget and Finance

Budget 2020

The Town develops an annual operating budget to pay for a wide range of municipal services including fire and emergency services, roads and parks maintenance, solid waste, policing, and library services.  The Town also prepares multi-year capital budgets which fund capital infrastructure replacement and renewal, and other capital priorities as determined by Town Council.  The annual operating budget determines the revenues required from property taxation which are then used to set final tax rates.

The Town of Prescott Council and staff met throughout the months of November to  February to develop the Town of Prescott's 2020 Budget.  As the COVID-19 pandemic unfolded, Council made changes to the proposed budget so that a 0% tax rate increase could be realized.  The 2020 Budget was then approved at the Special Council meeting of May 19, 2020.  For more information, please refer to the tabs below.

Financial Statements

The Town of Prescott keeps updated financial records. Please refer to the tabs below to access the yearly audited financial statements for the Town of Prescott.