# Staff Report: 2018-2022 Five-Year Financial Plan Bylaw No. 1780 and 2018 Tax Rates Bylaw No. 1781

Meeting: Special Council — April 30, 2018

Canonical HTML: [Open Langford](<https://openlangford.ca/meetings/2018-04-30-special-council/documents/1054>)

Meeting record updated: 2026-10-19T03:58:16.430234+00:00

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Source: [20180430-Special-Council-Agenda-Package](<https://langford.ca/wp-content/uploads/2021/05/20180430-Special-Council-Agenda-Package.pdf>)

Source pages: 34–35

## AI-processed summary

Finance staff report recommending that Council give three readings to the Five-Year Financial Plan Bylaw No. 1780 and the 2018 Tax Rates Bylaw No. 1781, and recommending the 2018 commercial class multiple be set at 2.90.

## Extracted text

### Staff Report: 2018-2022 Five-Year Financial Plan Bylaw No. 1780 and 2018 Tax Rates Bylaw No. 1781

Source pages: 34–35

## Staff Report: 2018-2022 Five-Year Financial Plan Bylaw No. 1780 and 2018 Tax Rates Bylaw No. 1781

2nd Floor · 877 Goldstream Avenue · Langford, BC Canada · V9B 2X8  
T · 250-478-7882 F · 250-478-7864

[Image 27: City of Langford header/logo]

### Staff Report to Council

Source pages: 34–35

## Staff Report to Council

### Date:
30/04/2017

### Department:
Finance

### Subject:
2018-2022 Five-Year Financial Plan Bylaw No. 1780 and 2018 Tax Rates Bylaw No. 1781

### Background

Source pages: 34–35

## Background

The Community Charter requires councils to adopt a Five-Year Financial Plan (the Plan) each year and, after the adoption of the Plan but before May 15th, to adopt a tax rate bylaw. Bylaws No. 1780 and No. 1781 satisfy these requirements. Copies of these bylaws are attached.

### Commentary

Source pages: 34–35

## Commentary

At the Regular Council Meeting on April 3, 2018, Council approved the 2018-2022 Five Year Financial Plan and directed staff to bring forward the 2018-2022 Five Year Financial Plan Bylaw, 2018 and the Tax Rates Bylaw 2018.

City of Langford 2018-2022 Financial Plan Bylaw No. 1780, 2018 gives authority for the City to spend for operating and capital purposes in 2018.

City of Langford Tax Rates Bylaw No. 1781, 2018 gives authority for the City to levy taxes for municipal, regional district and hospital purposes in 2018.

Council also considers the distribution of taxes among property classes with the objective of maintaining a stable and equitable burden. Council has determined that the burden on commercial properties is not competitive and has embarked on a program of reducing the commercial multiple by 0.05 each year for 10 years. The multiple has been set at 2.9 for 2018.

### Options

Source pages: 34–35

## Options

That Council:

1. Give City of Langford 2018-2022 Financial Plan Bylaw No. 1780, 2018 three readings, and
2. That commercial class multiples in 2018 bet set at 2.90, and
3. Give City of Langford Tax Rates Bylaw No. 1781, 2018 three readings

### Respectfully Submitted,

Source pages: 34–35

## Respectfully Submitted,

Submitted by:  
Michael Dillabaugh, CPA, CA,  Director of Finance

Concurrence  
Darren Kiedyk, Chief Administrative Officer

2018-2022 5-Year Financial Plan  
April 30, 2018