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Budget

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Budget

The Draft 2021 – 2025 Financial Plan, including the 2021 budget, is now available for public review and feedback.

Draft 2021-2025 Financial Plan Highlights

Taxation

  • 3.78% increase in overall municipal property taxes, for core municipal operations and library
  • $50 water infrastructure replacement parcel tax increase
  • 3.4% increase in the basic water rate; 9.2% increase in the annual sewer rate

Budget Highlights

  • Increase of $370,000 or 2.9% operating budget
  • Decrease of $217,250 in operating revenues
  • Grant programs: $339,000 for small community grants and $85,000 for traffic fine revenue sharing
  • $717,350 in COVID-19 Safe Restart grant funds to be used for ongoing COVID related expenditures, capital projects and revenue shortfalls
  • $960,200 for operating projects including:
    • Review of the Official Community Plan
    • Review of the Tree Protection Bylaw
    • Review of Community Amenity Contribution Policy
    • Drainage Master Plan
    • Traffic Safety studies
  • $9.9 million for capital projects including:
    • New vehicles and equipment for the fire department and public works
    • Watermain and sewer replacements
    • Green waste facility upgrade
    • Sidewalks improvements

Budget Committee Meetings

  • Thursday, February 25, 9:00 a.m. – Capital Budget and Reserves
  • Thursday, March 4, 9:00 a.m. – Operating Budget and Tax Rates

Future meetings may be arranged as necessary.

Property Tax notices are prepared after the financial plan and tax rate bylaws are adopted by Council. Read more about property tax on our Property Tax web page.

2020 – 2024 Financial Plan

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