Budget - Peterborough Regional Airport
Peterborough Airport continues to be an economic driver and contributor to employment for the region serving various sectors of the aerospace industry. The airport's 7000-foot-long runway and supporting infrastructure has been designed to accommodate Boeing 737 series aircraft. Home to over 20 businesses, the Airport provides direct employment to approximately 500 people. Seneca College's School of Aviation is based at the airport, supporting up to three semesters of students. Aircraft movements are approximately 45,000 to 50,000 per year.
The Manager of Airport Administration leads airport development and construction activities, on-going business development, tenant relations, and administrative and financial management functions including overseeing contracted services for airport operations. Loomex Property Management has completed year twelve of a fourteen-year Airport Management and Operations contract. There is one remaining three-year extension option, which could extend the contract through to 2029.
Interactive Budget
Explore the City's budget using the interactive OpenBook feature, including expenses by department and division as well as a breakdown of what a typical residential property taxpayer pays per $100,000 of assessment.
The full budget information is available in the Draft 2025 Budget book.
Highlights
In 2022, a new Airport Master Plan was approved in principle by council through report IPSAIR22-006. This plan represents the blueprint for medium to long-term development to 2037 by guiding future expansion at Peterborough Airport.
The 2025 operating budget reflects an increase in day-to-day costs due to utilities, insurance, and contractual services as to the Airport Management and Operations contract. Property taxes are paid to Cavan Monaghan Township and recovered from airport tenants.
In 2025, Peterborough Airport remains focused on strategically positioning the airport as a regional asset to fully realize and exploit future growth potential as an economic catalyst in a growing region. The airport will continue to foster organic growth of local business, general aviation, and the destination charter program. Key objectives are concentrated on driving business development, improving efficiency and sustainability of operations, and adapting to the changing the needs of our community and stakeholders. Any remaining development review fees are transferred to a reserve to be used for future airport development related expenditures.
An annual contribution to the Airport Development Debt Servicing Reserve of $1.070 million is necessary to fund the City's share of the ISF Airport Expansion Capital Project. The dedicated Pavement Reserve contribution of $50,000 will support continued maintenance of the asphalt surfaces.
Recommendation
That any excess Airport development review fees at the end of 2025 be transferred to the Airport Development Review Reserve for future Airport Development related expenditures and that, if the 2025 Airport development review costs exceed the review fees, funds may be drawn from the Airport Development Review Reserve.
OpenBook Budget tool instructions
Use our interactive OpenBook budget tool to view a breakdown of what a residential taxpayer pays for each municipal services.
The Where Your Tax Dollars Go feature shows how much a residential taxpayer pays per $100,000 of assessment. It starts at the City Department level then you can click on each department to view the cost for services within that department. For example:
- Click on Municipal Operations and it goes to the service/division level, where you can see the typical residential taxpayer pays $85.41 per $100,000 of assessment, or 5.22% of the municipal tax dollar for that service
- Click on Outside Organizations at the top level of the tool and it breaks it down to individual outside organizations that receive City funding, showing that the typical residential taxpayer pays $300.42 per $100,000 of assessment, or 18.36% of the municipal tax dollar for that service
See where your municipal tax dollar goes for municipal services. Explore the OpenBook budget tool.
Contact Us
City Hall
500 George St. N.
Peterborough, ON
K9H 3R9
Phone: 705-742-7777
Toll Free: 1-855-738-3755
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