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Budget Information

2017 - 2021 Financial Plan

The financial plan process is informed by policies and plans endorsed by Council, including the Official Community Plan (OCP) and the Strategic Plan.  In compliance with the Community Charter, the Financial Plan is developed through public consultation and Council direction.  Prior to May 15th each year, Council must adopt both a Five Year Financial Plan bylaw and a Property Tax Rates bylaw.

In 2013, Council approved an annual 1% increase in property taxes for five years ending in 2017, and annual increases to sanitary sewer and water fees for contributions to asset management reserve funds.  These reserves fund many asset renewal projects.

Core Services Review

A Core Service Review was completed in 2016.  Work on many of the recommendations commenced in 2016.  As recommendations are reviewed and approved by Council, they will be incorporated in the City's financial plans.

Strategic Plan Update

Council completed a Strategic Plan update in 2016.  The purpose of the update was to build upon the community vision, values and commitments made under the City's previous 2012 - 2015 Strategic Plan.  Five priority projects and two key initiatives were identified for 2016 - 2019.  The five projects include 1 Port Drive/South Downtown Waterfront Development, Beban Park Facilities Redevelopment Master Plan, Sports and Entertainment Centre, Waterfront Walkway and Georgia Avenue Pedestrian/Cycle Bridge.  The two initiatives are Affordable Housing and Property Acquisition.

Calendar

2016-JUL-25 eTown Hall - focused on strategic priorities

2016-OCT-04 - Finance and Audit Committee Meeting - Budget Review

2016-NOV-01 - Finance and Audit Committee Meeting - Budget Review

2016-NOV-16 - Finance and Audit Committee Meeting - Budget Review

2016-DEC-12 - Finance and Audit Committee Meeting - Budget Presentation

Presentations

Reports

Financial Plan Quick Facts

Budget In Brief

2016 - 2020 Financial Plan

The review process for the City's 2016- 2020 Financial Plan has been completed. The annual 2016 - 2020 Financial Plan and the 2016 Property Tax bylaws were adopted May 2, 2016. The 2016 property tax increase remains at 0%. 

Calendar

2015-OCT-22 Special Committee of the Whole Meeting - Budget Presentation

2015-NOV-17 Special Committee of the Whole Meeting - Budget Workshop

2015-DEC-16 Council Meeting - 2016-2020 Financial Plan bylaw adopted (Provisional)

2016-APR-11 Special Committee of the Whole Meeting - Budget Workshop

2016-APR-25 Council Meeting - 2016-2010 Financial Plan bylaw amendment and 2016 Property Tax bylaw was approved by Council 

2016-MAY-02 Council Meeting - 2016-2010 Financial Plan bylaw amendment and 2016 Property Tax bylaw was adopted by Council 

Public Consultation

Citizen Budget Online Survey

For the first time, the City of Nanaimo used an online survey to enable Nanaimo residents to provide feedback on service levels. 

eTown Hall

eTown Hall was held on 2015-NOV-23 to enable Nanaimo residents to discuss the City's 2016 budget process. 

Presentations

Reports

Reports for the Draft 2016 - 2020 Financial Plan include for the first time, a Budget in Brief.  The Budget in Brief provides an overview of the Draft Financial Plan.  

Distinguished Budget Presentation Award

The City of Nanaimo has received the Distinguished Budget Presentation Award for the past two years. This is the highest form of recognition in governmental budgeting and represents "best practices" in the field. 

The City plans to submit the 2016 - 2020 Financial Plan for award consideration.

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