Financial Plan for 2025-2029 Bylaw

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 22" day of April, 2025. 
READ A SECOND TIME this 22nd day of April, 2025. 
READ A THIRD TIME this 22nd day of April, 2025. 
ADOPTED this 5th day of May, 2025. 
MAYO 
SCOTT GOODMANSON 
MAYOR 
(Certified Correct) 
CORPORATE OFFICER 
Melisa Miles 
Deputy Corporate Officer 

Bylaw No. 2223 
Page 2 of 4 
Consolidated 
Bylaw No. 2.223 
Financial Plan 2025-2029 
2025 
2026 
2027 
Schedule "A" 
2028 
2029 
REVENUES:  
External Revenues 
Development Cost Charges 
 $ 
2,325,000 
$ 
4,635,000 
$ 
1,250,000 
$ 
2,600,000 
$  1,100,000 
Developer Contributions  
2,500,000 
 
Other Capital Contributions 
8,325,000 
Municipal Property Taxes 
 62,206,140  
73,714,730 
80,441,260 
86,883,270 
92,670,490 
Grants in Lieu 
200,000 
204,000 
208,000 
212,000 
216,000 
Utility Taxes 
568,460  
584,310 
600,960 
618,100 
635,740  
Parcel Taxes 
1,743,010 
4,418,010 
4,418,010 
4,418,010 
4,418,010 
Fees and Charges 
4,791,900 
4,818,700 
4,845,500 
4,872,300 
4,939,100 
Interest 
600,000 
500,000 
 500,000 
500,000 
500,000 
Grants From Other Governments 
30,324,760 
11,256,930 
9,887,160 
975,200 
977,310 
Other Sources 
12,600,440 
12,571,050 
12,747,230 
12,917,870 
13,084,880 
Total External Revenues 
126,184,710 
112,702,730 
114,898,120 
113,996 750 
118,541,530 
EXPENDITURES: 
External Expenditures 
Operating Expenditures 
77,867,690 
82,474,960 
86,145,990 
90,728,460 
95,050,650 
Interest Payments on Debt 
946,500 
2,901,500 
2,901,500 
2,901,500 
2,901,500 
Capital Expenditures 
139,584,940 
23,897,460 
15,744,710 
10,795,110 
6,024,500 
Total External Expenditures 
218,399,130 
109,273,920 
104,792,200 
104,425,070 
103,976 650 
CHANGE IN NET FINANCIAL POSITION 
(92,214,420) 
3,428,810  
10,105,920  
9,571,680  
14,564,880 
OTHER REVENUES: 
Borrowing Proceeds  
60,896,250 
2,382,610 
2,100,000  
3,000,000 
2,000,000 
OTHER EXPENDITURES: 
Principal Payments on Debt 
1,097,010 
2,971,470 
7,959,910 
7,069,080 
10,673,890 
TOTAL REVENUES LESS EXPENDITURES 
-$ 32,415,180 
$ 
2,839,950 
$ 
4,246,010 
$ 
5,502,600 
$ 
5,890 990 
INTERNAL TRANSFERS: 
 
Transfer from  Reserve Funds 
Affordable Housing 
751,820 
269,730 
272,720 
275,800 
275,800  
Capital Works & Equipment 
3,654,000 
765,000 
701,000 
645,000 
645,000 
Equipment Replacement 
1,380,100  
1,945,780 
760,270 
319,570 
220,390 
Parks & Open Space 
3,858,000 
- 
- 
-
Police Building Capital 
72,000 
72,000 
72,000 
72,000 
72,000 
General Capital Fund 
120,000 
120,000 
120,000  
120,000 
120,000 
General Operating 
7,177,290 
1,811,850 
1,197,710 
3,418,110 
1,207,500 
General Amenity  
3,295,840 
2,140,000  
823,000 
800,000 
800,000 
Growing Communities Fund 
18,055,300 . 
- 
- 
Transfer from Reserve Fund Total 
38,364,350 
7,124,360 
3,946,700 
5,650,480 
3,340,690 
Less: Tra nsfer to Reserve and Capital Funds 
Reserves: 
Police Building Capital 
100,000 
100,000 
100,000 
100,000 
100,000 
Capital Works & Equipment 
1,405,000 
1,405,000  
1,405,000 
1,405,000 
1,405,000 
Equipment Replacement 
1,000,000 
1,000,000 
1,000,000 
1,000,000 
1,000,000 
General Capital Fund 
 
8,243,240 
7,211,850 
4,897,710 
7,523,080 
6,426,680 
10,748,240 
9,716,850 
7,402,710 
10,028,080 
8,931,680 
Transfers from(to) Surplus 
4,565,310 
365,000 
285,000 
200,000 
200,000 
Transfers from(to) Reserve Accounts 
233,760 
(612,460) 
(1,075,000) 
(1,325,000) 
(500,000) 
TOTAL INTERNAL TRANSFERS 
$ 32,415,180 --$ 
2,839,950 -$ 4,246,010 -$ 
5,502,600 -$ 
5,890,990 

Bylaw No. 2223 
Page 3 of 4 
Schedule "B" 
Revenue and Property Tax Disclosure 
Schedule "B" 
Bylaw No. 2223 
Revenue and Property Tax Policy Disclosure 
REVENUE DISCLOSURE 
Revenue Proportions 
2025 
2026 
2027 
2028 
2029 
($'000s) 
% 
($'000S) 
% 
($'000s) 
% 
($'000s) 
% 
($'000s) 
% 
Property Taxes 
62,206 33%' 
73,715 64%' 
80,441 
69%' 
86,883 
77%' 
92,670 80% 
Parcel Taxes 
1,743 
1%' 
4,418 
4% ' 
4,418 
4% ' 
212 
0%' 
216 
0% 
Fees 
4,792 
3%' 
4,819 
4%F 
4,846 
4%' 
4,872 
4%' 
4,939 
4% 
Other Sources 
57,444 31%' 
29,751 26%r 
25,193 
22%' 
17,823 
16%' 
16,514 
14% 
Proceeds From Borrowing 
60,896 33% ' 
2,383 
2%' 
2,100 
2% ' 
3,000 
3%' 
2,000 
2% 
187,081 100% 
115,085 100% 
116,998 
100% 
112,791 
100% 
116,340 100% 
Other Sources includes grants from other governments and agencies, development contributions to capital, interest and penalties and 
miscellaneous sales of services. 
Objectives and Policies 
Property tax revenue is the City's primary revenue source, and one which is heavily reliant on the 
residential class. Diversification of the tax base and generation of non-tax revenue are ongoing 
objectives. 
Parcel Charges are comprised of local area service debt servicing costs for roads. 
Fees & Charges are a tool used for cost recovery. Various fees are reviewed every 1-5 years to 
ensure that they are adequate to recover costs of providing specific services. 
Other Sources will vary greatly from year to year as it includes such items as: 
•
Development cost charges used to fund DCC capital projects, 
•
Contributions from others for capital, 
•
Interest earned on funds invested, 
•
Grants, which are sought from other governments and government agencies, often to be 
leveraged with City funds, 
•
Casino revenue sharing income. 
Proceeds from Borrowing — Debt is used where it makes sense such as for urgent projects or to 
leverage grants where internal funding is not available. Caution is necessary when considering 
debt as it commits future cash flows to debt payments, restricting the ability to use those funds to 
provide other services. The source of the debt payments needs to be considered as does the 
justification for advancing the project. 

Bylaw No. 2223 
Page 4 of 4 
PROPERTY TAX DISCLOSURE 
Property Tax Revenue Distribution 
The table below presents tax revenue and tax rates based on the 2025 Revised Assessment Roll: 
Property Tax Distribution 
Property Class 
Taxation Revenue 
Net Taxable Assessed 
Value 
Tax Rate 
Multiple 
($'000s) 
($'000s) 
($/1000) (Rate/Res. Rate) 
1.Residential 
44,641 
71.8% 
16,669,001 
86.72% 
2.67808 
1.00 
2.Utility 
232 
0.4% 
11,479 
0.06% 
20.20075 
7.54 
4.Heavy Industry 
0.0% 
- 
0.00% 
8.56985 
3.20 
5.Light Industry 
493 
0.8% 
68,633 
0.36% 
7.18475 
2.68 
6.Business/Other 
16,744 
26.9% 
2,436,283 
12.67% 
6.87275 
2.57 
7.Managed Forest 
1 
0.0% 
177 
0.00% 
3.28065 
1.23 
8.Rec./Non-Profit 
95 
0.2% 
35,573 
0.19% 
2.67808 
1.00 
9.Farm 
0 
0.0% 
152 
0.00% 
2.67808 
1.00 
62,206 
19,221,298 
Objectives and Policies 
Council sets tax rates to maintain tax stability between property classes. Property class multiples are 
reviewed periodically to ensure that the burden of tax among property classes is not distorted by differing 
market value changes between classes. 
Permissive Tax Exemptions 
Policy with respect to permissive tax exemptions under section 224 of the Community Charter is that 
exemption will be considered where the organization has demonstrated proof of community access to 
citizens of Langford at a nominal charge and community benefit in the previous year. 
Council supports the establishment of assisted living seniors' housing in Langford and has granted 10-
year exemptions to three such developments. 
Council has established a revitalization tax exemption program under section 226 of the 
Community Charter which grants an exemption for eligible buildings for up to 10 years. An 
exemption certificate was issued for one property in 2021 for which the exemption expires in 
2028.