Each year, the City prepares a five-year financial plan to meet the needs of our community. Guided by Council priorities, the City’s annual budget is part of the five-year financial plan which sets the priority services, programs and initiatives for the next five years and how the City will pay for them. The City strives to maintain quality programs and services for our residents and keep taxes affordable for businesses and homeowners.
The 2025-2029 financial plan, tax rates and utility rates bylaws were given final adoption by Council at a special meeting on May 8, 2025. The bylaws reflect a 5.5% increase in general municipal property taxes, a 6% increase in metered water and water parcel tax rates, and a 6% increase in sanitary sewer usage and parcel tax rates. The estimated increase for an average priced home is $141. Please refer to the news release below for details.
Each year, the City prepares a five-year financial plan to meet the needs of our community. Guided by Council priorities, the City’s annual budget is part of the five-year financial plan which sets the priority services, programs and initiatives for the next five years and how the City will pay for them. The City strives to maintain quality programs and services for our residents and keep taxes affordable for businesses and homeowners.
The 2025-2029 financial plan, tax rates and utility rates bylaws were given final adoption by Council at a special meeting on May 8, 2025. The bylaws reflect a 5.5% increase in general municipal property taxes, a 6% increase in metered water and water parcel tax rates, and a 6% increase in sanitary sewer usage and parcel tax rates. The estimated increase for an average priced home is $141. Please refer to the news release below for details.
April 7 Amended Financial Plan (Amended Financial Plan Process/Timelines, BC Assessment Revised Roll, Fire Hall Project, Surplus and Reserve Transfers)
