MattersFinanceBYLAW NO. 2130First seen Mar 27, 2023Last discussed May 11, 2023
2023–2027 financial plan
AdoptedThe five-year financial plan sets out the City's consolidated finances for 2023–2027 and includes its revenue and property tax policies. It identifies property tax as the primary revenue source and aims to diversify revenue while supporting tax stability.
Where it stands: Bylaw adopted May 11, 2023.
Governing bylawNo. 2130
Financial Plan for 2023-2027 BylawThe City’s 2023–2027 financial plan sets out planned revenues and spending, along with the City’s revenue and property-tax policies. It explains how property taxes, fees, grants and borrowing are used, and sets out policies for tax exemptions.
Background
Earlier and later steps of the same initiative.
Mar 30, 2023 – Apr 21, 2023
2023–2027 financial plan
The proposed 2023–2027 financial plan covers City operating services and capital projects, including a $90.48-million capital program for 2023. The Committee recommended a 12.41% property-tax increase for 2023; the provided record does not show final approval.
May 1, 2023
2023–2027 financial plan
The five-year plan sets the city’s budgets and funding sources for 2023 through 2027. The approved plan included an additional $355,000 for the Peatt Road development cost charge project.
Timeline
Every time this matter appeared in council records, newest first.
Director of Finance presented the proposed 2023–2027 Five Year Financial Plan to Committee.