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MattersFinanceFirst seen Apr 8, 2025

2025–2029 financial plan

Approved

The amended financial plan projects a 15.59% property-tax increase for 2026, though projected property-tax revenue is $340,010 lower than in the initial plan. It also sets a $100,000 Grant in Aid budget for 2026, with annual increases of $2,500 funded by taxes.

Where it stands: Amended financial plan approved Apr 8, 2025; related bylaws were to be prepared.

Background

Earlier and later steps of the same initiative.

  1. Feb 21, 2025

    2025 five-year financial plan

    The draft 2025–2029 financial plan proposed a 14.51% property-tax increase, with operating and capital spending shaped by population growth, service needs and debt costs. A survey of 630 respondents ranked protective services and road and sidewalk maintenance among top priorities; committee directions included deferring the e-bike rebate to 2026–2027 and seeking non-tax funding or deferrals.

Timeline

Every time this matter appeared in council records, newest first.

  1. April 8, 2025· Council

    Updated financial plan and 2026 budget projections considered

    Consideration of recommended amendments and directions related to the 2025-2029 Financial Plan and 2026 projected budget items.

    Decision: Approved the 2025-2029 Financial Plan as amended and directed staff to prepare the corresponding bylaws.

    Passed 6–0

    Decision: Directed staff to list internal capital debts and city parcels without purpose; report after approval.

    Passed 5–1· Against: Scott Goodmanson

    Decision: Approved Grant in Aid at $100,000 in 2026, then $2,500 yearly increases funded by taxes.

    Passed

    Decision: Rejected a request for a fall report on capital spending.

    Defeated 2–4· Against: Mark Morley, Colby Harder, Kimberley Guiry, Lillian Szpak

    Documents