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The 2020 – 2024 Financial Plan, including the 2020 budget, has been approved.

2020-2024 Financial Plan Highlights

Costs per residence

  • 1.65% increase in residential property taxes and 0.95% increase in business property taxes
  • Average residential property tax increase of $21
  • No increase to the $50 water infrastructure replacement parcel tax
  • 2.2% increase in the basic water rate; 1.6% increase in the annual sewer rate

Budget Highlights

  • Increase of $406,750 or 3.5% operating budget reflecting:
    • 2% increase in salaries and wages
    • 6% increase in policing costs
  • Grant programs: $339,000 for small community grants and $85,000 for traffic fine revenue sharing
  • Investment income is forecasted to grow by $148,000
  • Operating projects being launched:
    • Review of the Official Community Plan
    • Review of the Tree Protection Bylaw
    • Drainage Master Plan
    • Parks Asset Management Plan
  • $9.9 million for capital projects including:
    • New vehicles and equipment for the fire department and public works
    • Watermain and sewer replacements
    • Completion of Scoter trail
    • Green waste facility upgrade
    • Bike lane installation

Property Tax notices are prepared after the financial plan and tax rate bylaws are adopted by Council. In 2020 Council granted additional time for property tax payments before incurring a penalty. Read more about property tax on our Property Tax web page.

2020 – 2024 Financial Plan

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