MattersFinanceBylaw No. 2223First seen Feb 13, 2024Last discussed May 5, 2025
2025–2029 financial plan
AdoptedThe five-year financial plan sets out the City’s planned finances for 2025 through 2029. It guides budget decisions and has potential tax impacts for residents; the available record does not provide specific spending or tax figures.
Where it stands: Financial plan bylaw adopted May 5, 2025.
Governing bylawNo. 2223
Financial Plan for 2025-2029 BylawThe City’s adopted financial plan sets out projected revenues, spending, borrowing and reserve transfers for 2025–2029, alongside its revenue and property-tax policies. It identifies property taxes as the City’s primary revenue source and describes how fees, parcel charges, borrowing and tax exemptions are handled.
Background
Earlier and later steps of the same initiative.
Feb 18, 2025
2025–2029 draft financial plan
The item provided an overview of the 2025 budget meeting schedule and related materials. It does not describe proposed spending or tax changes.
Feb 21, 2025
2025 five-year financial plan
The draft 2025–2029 financial plan proposed a 14.51% property-tax increase, with operating and capital spending shaped by population growth, service needs and debt costs. A survey of 630 respondents ranked protective services and road and sidewalk maintenance among top priorities; committee directions included deferring the e-bike rebate to 2026–2027 and seeking non-tax funding or deferrals.
Timeline
Every time this matter appeared in council records, newest first.
Presentations were given, including the proposed Five Year Financial Plan.