Oakville Annual Report 2010 – Our Town is Strong Financially!

Posted by on August 20, 2011

The Town of Oakville’s annual report showed that our city realized a net financial gain in assets of $74.7 million, compared to 2009.  Oakille’s net financial assets for 2010 were $259 million.  Mayor Burton says said the following about the town’s financial strategy in 2010: “We enhanced our economic environment with a focus on 3 areas: business retention, expansion and attaction.”  Much of the town’s asset increase is attributed to the investment in Oakille Hydro and sale of Blink Communications which resulted in a $40 million dividend.

Several major accomplishments for Oakville in 2010 include the new Sixteen Mile Sport Comples with arenas and soccer fields as well as community rooms.  The QE Park Community and Cultural Centre continues to be developed and is scheduled to be completed in 2012.  Oakville Transit is being improved and continues to expand its service base.  A Health Protection Air Quality By-law as also passed in February 2010, designed to protect residents from the negative health effects of fine particulate matter. A Downtown Oakville Strategic Action plan was also approved in August, to evelop and guide the future of downtown Oakville over the next 20 years.

The goal is to make Oakville the most livable town in Canada.  If you ask most residents – the town is already that.  But it is comforting to know that plans are in place to keep it that way.

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