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Budget

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Budget

The District has released its 2020 draft budget as part of the 2020 – 2024 Draft Financial Plan.

Council held its first Budget Committee Meeting on Thursday, March 5, 2020.

The next Budget Committee Meeting will be on Monday, April 6, 2020 at 2 p.m.

Due to COVID-19, public access to Municipal Hall is not permitted at this time. The budget meeting will be recorded and broadcast live, and the archived video will be posted by noon on Tuesday, April 7.

The budget committee agenda will be posted by end of day Thursday, April 2. Please send feedback on the draft budget by noon on April 6 to Mayor and Council at admin@northsaanich.ca for inclusion in the agenda package.

View the livestream, archive video and agenda at northsaanich.ca/council-meetings

2020-2024 Draft Financial Plan Highlights

Council adopted a number of changes to the 2020 draft budget presented at the March 5, 2020 Budget Committee meeting.  The revised budget figures are as follows:

Costs per residence

  • 3.29% increase in residential property taxes and 1.9% increase in business property taxes
  • Increase of $50 in the water infrastructure replacement parcel tax
  • Average residential property tax increase of $41, total average increase of $91 including parcel tax increase
  • 2.2% increase in the basic water rate; 1.6% increase in the annual sewer rate
  • Growth in tax base by 2.5% reduces costs

Budget Highlights

  • Increase of $429,750 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 $71,000 for traffic fine revenue sharing
  • Investment income is forecasted to grow by $173,000
  • Operating projects being launched:
    • Review of the Official Community Plan
    • Review of the Tree Protection Bylaw
    • Drainage Master Plan
    • Parks Asset Management Plan
  • $10 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

Total reserves, surplus and deferred revenue: $34,140,650

Property Tax notices are prepared after the financial plan and tax rate bylaws are adopted by Council. Tax notices are issued near the end of May and tax payments are due the first business day after July 1. Read more about property tax on our Property Tax web page.

2019 Financial Plan

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