Bylaw No. 2223 – City of Langford 2025-2029 Financial Plan Bylaw No. 2223, 2025

EXECUTIVE SUMMARY

The Community Charter requires Council to adopt a Five-Year Financial Plan each year and, after the adoption of the Plan and before May 15, to adopt a Tax Rates Bylaw. Bylaws No. 2223 and No. 2224 satisfy these requirements. Copies of these bylaws are attached.

COMMENTARY

At the March 17, 2025, Regular Council Meeting, Council passed the following motion:

THAT Council approve the 2025 budget and direct staff to bring back further information related to the projected tax increases in 2026-2029 of the 2025-2029 Five Year Financial Plan to a Committee of the Whole meeting to be held on April 8, 2025.

Subsequently, at the April 8, 2025, Committee of the Whole meeting, the Committee passed the following motion:

THAT Committee of the Whole recommend that Council approve the 2025-2029 Financial Plan as amended and direct staff to prepare the 2025-2029 Five Year Financial Plan Bylaw and the 2025 Tax Rates Bylaw.

Once approved by Council, City of Langford 2025-2029 Financial Plan Bylaw No. 2223, 2025 gives authority for the City to spend for operating and capital purposes in 2025.

City of Langford Tax Rates Bylaw No. 2224, 2025 gives authority for the City to levy taxes for Municipal, Regional District and Regional Hospital District purposes in 2025.

Council also considers the distribution of property taxes with the objective of maintaining a stable and equitable tax burden across property classes. As per direction received in 2023, staff have calculated the tax rates in a manner that adjusts the property tax rate multiple to evenly spread the tax increase across property classes for the 2025 tax year. The tax rates calculated in Bylaw No. 2224 reflect this direction.

OPTIONS

Option 1

THAT Council: a. Give City of Langford 2025-2029 Financial Plan Bylaw No. 2223, 2025 first, second and third readings; and
b. Give City of Langford Tax Rates Bylaw No. 2224, 2025 first, second and third readings.

OR Option 2

THAT Council not proceed with Bylaw No. 2223 and Bylaw No. 2224 and direct staff to bring forward these bylaws with the following adjustments:
a. ______________;
b. ______________;
c. ____________.

SUBMITTED BY

Curtis Staniforth, Manager of Revenue and Budgets

Concurrence

• Michael Dillabaugh, CPA, CA, Director of Finance
• Melisa Miles, Manager of Legislative Services
• Donna Petrie, Senior Manager of Communications & Economic Development
• Yari Nielsen, Director of Parks, Recreation and Facilities
• Matthew Baldwin, RPP, MCIP, Director of Development Services
• Leah Stohmann, RPP, MCIP, Director of Community Planning and Climate Change
• Katelyn Balzer, P.Eng., Director of Engineering and Public Works
• Marie Watmough, Director of Legislative & Protective Services
• Braden Hutchins, Deputy Chief Administrative Officer
• Darren Kiedyk, Chief Administrative Officer

Attachments

• Attachment 1: Bylaw No. 2223 Financial Plan 2025-2029
• Attachment 2: Bylaw No. 2224 2025 Tax Rates

CITY OF LANGFORD

BYLAW NO. 2223

A BYLAW TO ADOPT A FINANCIAL PLAN FOR 2025 – 2029

WHEREAS under the Community Charter the municipality must have a financial plan adopted by bylaw before the annual property tax bylaw is adopted;

AND WHEREAS through a public process the financial plan has been presented and the public has had an opportunity to comment;

AND WHEREAS Council deems this to be a process of public consultation as required by the Community Charter,

NOW THEREFORE the Council of the City of Langford, in open meeting assembled, enacts as follows:

1. Schedule “A” attached hereto and forming part of this bylaw comprises the City of Langford Consolidated Five Year Financial Plan for 2025 – 2029.
2. Schedule “B” attached hereto and forming part of this bylaw comprises the City of Langford Revenue and Property Tax Policy Disclosure.
3. This bylaw may be cited for all purposes as “City of Langford 2025-2029 Financial Plan Bylaw No. 2223, 2025”.

READ A FIRST TIME this day of April, 2025.

READ A SECOND TIME this day of April, 2025.

READ A THIRD TIME this day of April, 2025.

ADOPTED this day of May, 2025.

MAYOR

(Certified Correct)

CORPORATE OFFICER