Budget Deliberations were successfully concluded on December 13, 2022. Council reviewed and deliberated on department operating and capital budgets and decision packages. A December 15 media release announced that Council concluded budget deliberations with approving a budget of $50 million with a combined property tax and utilities increase of 7.61% for the average single-family, equaling $283 per year ($23.58 per month), and 7.78% for multi-family ($178 per year or $14.83 per month).
The $283 increase is broken down as follows:
- Non-discretionary charges related to Metro Vancouver water and sewage treatment, RCMP policing costs, as well as supply chain and high inflationary pressures; all of which account for $133 or a 3.58% of the total increase.
- Asset Savings account for $48 or 1.3%, providing $13 million towards future replacement of aging infrastructure and ensuring long-term sustainability.
- Investing in the Fire & Rescue Services with the addition of nine Fire Positions for $95 or 2.55%.
- Providing a Place of Remembrance, an additional Labourer II and other initiatives & maintenance adjustments for $12 or 0.33%.
This leaves $28 or 0.74% for all other City departments to maintain existing service levels.
2023 Proposed Budget & Business Plans
Each fall, City departmental business plans for the following year are developed and presented to Council and the community. These are based on robust financial planning and analysis, staff input, Council direction and resident feedback heard throughout the year. The plans represent recommendations for key initiatives, budgets, and the Five-Year Financial Plan. This process provides additional transparency and accountability to enable the community to better understand City priorities and the budgeting process.
Proposed Business Plans by Department
Links to the proposed Business Plans will be added below as they become available. They will be posted with the Council Meeting Agenda on the Friday before the scheduled presentation (see schedule above).
- Financial Plan Overview
- Office of the CAO/Council
- Administrative Services
- Financial Services
- Planning & Development
- Human Resources
- Information Technology
- Library Services
- RCMP Police Services
- Arts & Culture
- Emergency Program
- Fire & Rescue Services
Council will deliberate on the proposed budget on December 13 and 14 at 5:30pm (if second day is required). Stay tuned and check back for more information and updates.
For more information, contact the City's Finance Department at 604.465.2418 or email email@example.com.