MattersFinanceFirst seen May 1, 2023
2023–2027 financial plan
ApprovedThe 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.
Where it stands: Financial plan approved May 1, 2023; associated bylaws were to follow.
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 8, 2023 – May 11, 2023
2023–2027 financial plan
The 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.
Timeline
Every time this matter appeared in council records, newest first.
Five-year budget plan approved with $355,000 for Peatt Road
Council approved the 2023–2027 Five‑Year Financial Plan and directed staff to bring forward associated bylaws, including adding the Peatt Road DCC project amount.
Decision: Approved the 2023-2027 financial plan and added $355,000 for Peatt Road DCC.
Passed 7–0