For the past 18 years in a row, the City of Markham's annual budget document has received The Distinguished Budget Presentation Award. This award is given by the Government Financial Officers Association (GFOA):
City of Markham annual reports include audited financial statements as well as a look at how the City is spending money and delivering services.
For 17 years in a row, the City of Markham’s annual reports have received the Canadian Award for Excellence in Financial Reporting. This award is given by the Government Financial Officers Association (GFOA).
Permanent and Predictable Funding for Municipal Infrastructure
The Federal Gas Tax Fund is a permanent source of funding established in 2005 to support investments in local infrastructure. The Fund currently transfers $2.1 billion to Canadian municipalities each year; the City of Markham received over $85 million between 2005 and 2017.
Funds are distributed to the City of Markham through the Association of Municipalities of Ontario (AMO). AMO administers the federal Gas Tax Fund to all Ontario municipalities except the City of Toronto and allocates funding to municipalities on a per capita basis.
The predictable and flexible funding provided by the federal Gas Tax Fund allows municipalities to plan for the future and address local priorities. The City of Markham has invested its share of the federal Gas Tax Fund in 64 projects to date – extending the reach of district energy plants to reduce greenhouse gas emissions, constructing new paths and trails to increasing opportunities for cycling and walking, and supporting the City’s efforts to keep infrastructure in a state of good repair.