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Review process for City’s 2025 budget begins next week

Residents can participate in the process and share budget questions

NEWS RELEASE - Distributed November 20, 2024 9:00 AM

Summary

Preparations are underway for the City of Nanaimo's 2025-2029 Financial Plan with a number of opportunities for residents to review the details of the budget and ask questions during a budget-focused eTown Hall.

Council will begin reviewing draft budgets and project plans over the course of three Special Finance and Audit Committee meetings on Nov. 27, Dec. 4 and 6. All meetings are open to the public and will be held in the Vancouver Island Conference Centre's Shaw Auditorium.

The eTown Hall will take place on Monday, Dec. 2 at 7 p.m. during the Council Meeting and will run for one hour. If necessary, an additional 30 minutes will be allocated. Residents can participate in the eTown Hall in a number of ways, including:

  • on the City website at www.nanaimo.ca/etownhall,
  • on X (formally known as Twitter) using #NanaimoTH,
  • in the eTown Hall event found on the City's Facebook page (www.facebook.com/cityofnanaimo),
  • by calling 250-755-4251 (Monday to Friday, 8:30 a.m. to 4:30 p.m.), or
  • in person during the meeting.

In addition, a form has been added to a Budget Talks advertisements in the Nov. 20 and 27 editions of the Nanaimo News Bulletin, which residents can fill out and drop off to City Hall before 4:30 p.m. on Nov. 29.

The draft financial plan and other related documents will be available to review prior to the meetings at www.nanaimo.ca/goto/budget. Anyone wishing to watch the meetings but cannot attend, can view them on the City website at www.nanaimo.ca/meetings or on Rogers tv Nanaimo channel 4 or 105.

Link to Strategic Plan: Being transparent in the budgeting process and providing opportunities for public input contribute to the strategic priority of Governance Excellence.

Key Points

  • Three Special Finance and Audit Committee meetings focusing on the 2025 budget will be held on Nov. 27 and Dec. 4 and 6 with a budget-focused eTown Hall to be held on Dec. 2.
  • The Draft Financial Plan is a starting point and may change as work progresses during the review process.
  • If needed, Council will continue deliberations at a meeting scheduled for Dec. 11. Please check www.nanaimo.ca/meetings for up-to-date meeting information.
  • In accordance with the Community Charter, municipalities must prepare a five-year financial plan each year. Councils must adopt the five-year financial plan before adopting a property tax bylaw by May 15.

Quotes

"The City's budget process plays a pivotal role in delivering services to the community. I encourage Nanaimo's citizens to review the draft budget, join us at the budget presentations and get your budget-related questions ready for the e-Town Hall or send us your comments."

Leonard Krog
Mayor
City of Nanaimo
-30-

Contact:

For media enquiries, please contact
Communications
City of Nanaimo
250-754-4251

Print News Release

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