Council approved the 2021 Capital and Operating Budgets at a meeting of Council on March 15, 2021, which included a 1% reduction in the property tax increase proposed in the Draft 2021 – 2025 Financial Plan.
- 3.15% increase in residential property taxes and 2.0% increase in business property taxes
- Increase of $42 for the average residence and $382 for the average business
- $50 water infrastructure replacement parcel tax increase
- 3.4% increase in the basic water rate; 9.2% increase in the annual sewer rate
- Increase of $348,200 in the operating budget
- Decrease of $159,750 in operating revenues
- Grant programs: $339,000 for small community grants and $85,000 for traffic fine revenue sharing
- $840,350 in COVID-19 Safe Restart grant funds to be used for ongoing COVID related expenditures, capital projects, grants to organizations and revenue shortfalls
- $975,200 for operating projects, including:
- Review of the Official Community Plan
- Review of the Tree Protection Bylaw
- Review of The Community Amenity Contribution Policy
- Drainage Master Plan
- Traffic Safety studies
- $9.3 million for capital projects, including:
- New vehicles and equipment for the fire department and public works
- Water main and sewer replacements
- Green waste facility upgrade
- Sidewalk improvements
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.
Each year, the District develops an annual budget outlining how tax dollars are invested to support our residents and the community. For the 2021 budget and financial plan, the District implemented an engagement plan to gather feedback on service levels and initiatives to support the budget development and decision-making processes. In addition to providing feedback opportunities, public engagement on the budget offered citizens an opportunity to learn about the budget process. Feedback was compiled and presented to Council during the budget process through an Engagement Summary.