Financial Plan for 2026-2030 Bylaw

CITY OF LANGFORD 
BYLAW NO. 2281 
A BYLAW TO ADOPT A FINANCIAL PLAN FOR 2026 - 2030 
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 2026 - 2030. 
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 2026-2030 Financial Plan Bylaw No. 2281, 
2026". 
READ A FIRST TIME this 20th day of April, 2026. 
READ A SECOND TIME this 20th day of April, 2026. 
READ A THIRD TIME this 20th day of April, 2026. 
ADOPTED this 12th day of May, 2026. 
NM" 
MA
R
(Certified Correct) 
CORPORATE OFFICER 
SCOTT GOODMANSON
Melisa Miles 
MAYOR
Deputy Corporate OffiarE 
CERTIFIED CORRECT 
Melisa Miles 
Deputy Corporate Officer 
 
CORPORATE OFFICER 

CERTIFIED CORRECT 
--777  
CORPORATE OFFICER 
Melisa Miles 
Deputy Corporate Officer 
Bylaw No. 2281 
Page 2 of 4 
Consolidated Financial Plan 2026.2030 
Bylaw No, 2281 
Consolidated Financial Plan 2026-2030 
2026 
2027 
2026 
Schedule A" 
2029
2030 
REVENUES: 
e+te-rial Revenue: 
D.r.eloprrent Cart Charlie: 
5.195.710 
5
1,262.250 
3
2,593 750 
3 
1.113.750 
3 
2,301,750 
De..eoper Coambutton: 
1.970.000 
Other (acute! Contretution: 
M, ruc,pal Property Take: 
71012.450 
3:0 369.960 
57,397.150 
93.363,470
95.4 2_0,210
 
Grant: in Ueu 
25&000 
263,500 
271.220 
279.150
217370 
Utility Tare: 
550,330 
570,090 
556,300 
602.920
620.140 
Parce Ta‘e: 
1,670:460 
4 345,460 
4,345.460 
1,345.460
4,545,460 
Fee: ant Cnarge: 
4,527,000 
4,737,500 
4,735,000 
4,673.500
4,674,000 
Intere:t 
600,000 
500,000 
500.000 
500.000
500.000 
Grant: From Other Gourrr men:: 
23.605 050 
11,059,220 
1,174,710 
2.205.030
2,130.530 
Other Sosrce: 
5 5.45b, 490 
15,145,100 
15,346,470 
15.551.6170
15,792.330 
Tots= E‘temalRe.er..e: 
126.136,930 
115 753,050 
119,955,120 
122.63 
70 
129,122.140 
EXPENDITURES' 
Eternal E. panel'Lire:, 
Operating E‘penthture: 
36.726 640 
90 537.200 
93,476,170 
93,145,760
102,131.070 
Interezt Payment: on Debt 
1,535.650 
2,967.070 
2,965,360 
2.963.5.30
2,603.570 
Capita! Euaerere.tre: 
56,055,640 
6.297,710 
15,263,110 
3,33,7,500
12,216240
 
Total b terra! Etpg nneure: 
109 611.950 
112,109,610 
109.499.340
116, 950.550 
CHANGE IN NET FINANCIAL POSITION 
(16,239,070) 
9,111,100 
7,84.0,4 50 
13,140,130
12,141,260
 
OTHER REVENUES: 
Bo-r000nG Proceect 
14665,600 
OTHER EXPENDITURES: 
Prire 0: Pa') me nt: on Debt 
1.636 620 
6,002,150 
7,113.030 
10,719.610
3,650,100 
TOTAL REVENUES LESS EXPENDITURES 
0,090) 3
1,135 950 
$,
735,450 
5 
2,420.520 
S 
4.291.160 
INTERNAL TRANSFERS'. 
Re:er' 'e F'e' es 
,Vortabe Horsing 
724.000 
276.350 
273 760 
2151,230
253.760 
Capital Vtrorl..: & Equ.prrert 
3,023.450 
1.313.750 
1,116 250 
1.496.250
1.023.250 
Equipment Replacement 
1.536.670 
1.117.950 
2.445,330 
753,430
1,171.500 
Pari‘.1.5., Open Space 
Poi cg
ng Cap tal 
130,000 
20,0}0 
General Capital Fund 
General Operating 
2.369.650 
1,772,710 
4,213 110 
1207,500
7.066,240 
General Amenity 
3,646.610 
1,293.000 
2.150.000 
3.100.000 
Grow ng Cornrruniee: fume 
1
31.310 
Transfer from Resent FcInt. Total 
1x1,920 
5.793.760 
.2- .500 
6,663,460
9317,750 
Le:e.TrarrI4er to Rreen,e and CapLal fume: 
Pc:e 
Pollee Bu.43,ngCaprtal 
100,000 
100,000 
100.000 
100,000
100.000 
Capital
51Eq,opmere 
1,405,000 
1,405,000 
1,405.000 
1,405,000
1.405,000 
Equipment Rep acement 
1,000.000 
1,000,000 
1.000 COO 
1,000.000
1000.000 
General Capital Fund 
7,091.040 
4.272,710 
7,9:.5030 
6,131.650
11,779,200 
9.596040 
6.777,710 
10,453 050 
4,636.630
14.234, 200 
Trarrret: from(to) Sreptu: 
1,930,460 
345,003 
240.000 
220.000
301,250 
Trantger; Crom(to:.(te:er...e Account: 
(256.250) 
(500,000i 
(515 270) 
1572,300({3.655.960
 
TOTAL INTERNAL TFtAlISFERS 
5, 
S
(1 35,9 0) $
(735 450l 
420,520
291.160! 

Schedule "B" 
Bylaw No, 2281 
Revenue and Property Tax Policy Disclosure 
REVENUE DISCLOSURE 
Revenue Proportions 
2026 
2027 
2028 
2029 
2030 
(5'000s) 
%
(5'000s) 
%
($000s) 
%
(S'000s) 
%
(S'000s) 
% 
Property Taxes 
71,042 
50% 
80,870 
68% 
87,397 
73% 
93,368 
79% 
98,420 
79% 
Parcel Taxes 
1,670 
1% 
4,345 
4% 
4,345 
4% 
279 
0% 
287 
0% 
Fees 
4,887 
3% 
4,738 
4% 
4,738 
4% 
4,674 
4% 
4,674 
4% 
Other Sources 
48,537 
34% 
28.800 
24% 
23,477 
20% 
20,253 
17% 
21,682 
'17% 
Proceeds From Borrowing 
14,666 
'10% 
0% 
0% 
0% 
0% 
'140,803 100% 
118,753 100% 
119,958 100% 
'118,574 100% 
125,064 100% 
CERTIFIED CORRECT 
`-M7-72e, 
 
CORPORATE OFFICER 
Melisa Miles 
Deputy Corporate Officer 
Schedule "B" 
Revenue and Property Tax Disclosure 
Bylaw No. 2281 
Page 3 of 4 
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, 
o
Interest earned on funds invested, 
•
Grants, which are sought from other governments and government agencies, often to be 
leveraged with City funds, 
o
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. 

Property Tax Distribution 
1. Residential 
51,794 
72.91% 
17,493,574 
87.46% 
2.96074 
1.00000 
2. Utility 
256 
0.36% 
`11,494 
0.06% 22.24554 
7.51351 
4. Heavy Industry 
0.00% 
0.00% 
9.44921 
3.19150 
5. Light Industry 
538 
0.76% 
66,389 
0.33% 
8.10918 
2.73890 
6. Business/Other 
18,426 
25.94% 
2,421,339 
12.11% 
7.60970 
2.57020 
7. Managed Forest 
1 
0.00% 
'178 
0.00% 
3.61744 
1.22180 
8. Rec./Non-Profit 
28 
0.04% 
9,373 
0.05% 
2.96074 
1.00000 
9. Farm 
0.00% 
133 
0.00% 
2.96074 
1.00000 
71,042 
100.00% 
20,002,481 100.00% 
Property Class 
Tax Rate
Multiple 
pro 
(8/1000) (Rate/Res. Rate) 
Net Taxable 
Assessed Value 
($'000s) 
Taxation 
Revenue 
($'000s) 
CERTIFIED CORRECT 
Melisa Miles 
Deputy Corporate Officer 
Bylaw No, 2281 
Page 4 of 4 
CORPORATE OFFICER  
PROPERTY TAX DISCLOSURE 
Property Tax Revenue Distribution 
The table below presents tax revenue and tax rates based on the 2026 Revised Assessment Roll: 
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.