Council gives first three readings to 2014-2018 Financial Plan

Key Points

• The impact on the City of Nanaimo portion of the property taxes for the average home is about $50. Each individual property will vary depending on circumstances.
• Property tax notices will be mailed before the end of May and payment will be due on July 2, 2014.
• Consider signing up to MyBills to receive your property tax notice electronically. To do so, you must have a MyCity account. For information follow the instructions at www.nanaimo.ca/goto/mycity.

Quotes

"The annual process of putting a financial plan together requires considerable preparation and effort. I would like to acknowledge my colleagues on Council and the many dedicated staff for the time they spent preparing this plan. The information supplied this year was considerable and provided a solid foundation on which to make informed decisions."

Quick Facts

• The 2014 Budget is $192 million.
• The property tax increase for 2014 is 2.5% for the City of Nanaimo.
• In addition to the City's taxes, your tax notice also includes property taxes for the RDN, School District, Hospital District and VI Regional Library.

Links

• Budget information

  Detailed budget information is available on the City's website.

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