The City strives to maintain quality programs and services for citizens and keep taxes affordable for our businesses and households.
Annually the City updates the 5-year Financial Plan and the 10-year Project Plan. Balancing changing needs and priorities within the community.
2021 – 2025 Draft Financial Plan
The 2021 - 2025 Draft Financial Plan will be introduced to Council starting at the Special Finance and Audit Committee meeting November 25th.
Departmental Business Plans will be presented November 25th and 27th
Chief Administrator's Office Business Plan
Human Resources Business Plan
Legislative Service and Communications Business Plan
Finance Business Plan
Information Technology Business Plan
Emergency Management Business Plan
Police Services Business Plan
Community Development Business Plan
Development Approvals Business Plan
Engineering and Public Works:
Engineering Business Plan
Public Works Business Plan
Parks, Recreation and Culture:
Culture Business Plan
Facility and Parks Operations Business Plan
Recreation Business Plan
Nanaimo Fire Rescue:
Nanaimo Fire Rescue Business Plan
RCMP Business Plan
Upcoming Budget Sessions:
All meetings to be held at the Vancouver Island Conference Centre
2021 - 2025 Draft Financial Plan Presentations
November 25, 2020 from 8:30 am to 4:15 pm
- CAO's Office
- Legislative Services & Communications
- Human Resources
- Emergency Measures
- RCMP/Police Services
November 27, 2020 from 9:00am to 4:00 pm
- Development Services
- Park, Recreation & Culture
- Engineering & Public Works
- Nanaimo Fire Rescue
November 30, 2020 from 9:00 am to 3:00 pm
2021 - 2025 Draft Project Plan
COVID-19 Safe Restart Grant Final Framework and Discussion
December 4, 2020 from 9:00 am to 12:00 pm
Budget Recap and Council Deliberations
December 7, 2020 from 9:00 am to 12:00 pm
Budget Recap and Council Deliberations (if required)
December 7, 2020 before regular council meeting
December 9, 2020 from 8:30 am to 11:30 pm
Budget Recap and Council Deliberations (if required)
Annual Financial Plans
The City’s integrated planning framework is comprised of separate but complementary planning processes. These processes support alignment and integration of resources and activities to achieve the strategic goals and priorities set by Council.
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.
2019 – 2022 Strategic Plan
In early 2019, Council developed and adopted the 2019 - 2022 Strategic Plan. The Strategic Plan has four strategic themes and ten focus areas, which set out Council priorities and will guide Council decision making and the Financial Plan over the Council term.
The four strategic themes for the plan are:
- Governance Excellence
- Environmental Responsibility
- Economic Health
20-Year Investment Plan
On April 5, 2017, staff presented a 20-Year Infrastructure Investment Plan to Council. The plan included projected investment required over the next twenty years for current infrastructure renewal, for new/upgraded infrastructure required due to growth and for specific investment.
Development of the City's first 20 Year Infrastructure Investment Plan was led by the City's Asset Management Steering Committee and included input from the DCC Review Committee. Both committees have representation from across the organization including engineering, development, facilities, IT and finance disciplines.
The 20 Year Infrastructure Investment Plan identified a projected infrastructure investment need of $1.1 billion with current funding strategies providing $794 million. The total potential funding gap is $258 million. The gap is comprised of a funding shortfall of $117 million in development contribution charges for new and upgraded infrastructure required due to growth and $141 million for infrastructure renewal funded from general revenues and reserves. Council approved the following recommendations to close the funding gap:
- Continuation of 1% annual increase to property taxes to 2022 for contributions to the General Asset Management Fund Reserve
- Completion of the DCC Review and adoption of new rates bylaw
- Continued development of the City's asset management capacity
The new DCC rate bylaw was adopted in the Spring of 2018. The City's Asset Management Steering Committee is currently leading several key initiatives.
Read the 20-Year Investment Plan.
Citizens have an opportunity to provide their input and engage in budget discussions once a Draft Financial Plan is presented to Council. Here is how:
- Attend Council and Finance and Audit Committee Meetings on Budget discussions
- Participate in the annual eTown Hall Meeting to discuss the City of Nanaimo's annual budget
2020 – 2024 Financial Plan
The Final 2020 - 2024 Financial Plan was adopted by Council on May 11, 2020. The budget reflects decisions made by Council during the budget review process in 2019 and the Spring of 2020
Read the 2020-2024 Financial Plan QuickFacts for highlights of the Final 2020 – 2024 Financial Plan.
Read the 2020 - 2024 Financial Plan for an overview of the plan.
2019 - 2023 Financial Plan
The Final 2019 – 2023 Financial Plan was adopted by Council on May 6, 2019. The budget reflects decisions made by Council during the budget review process in 2018 and the Spring of 2019.
Read the 2019-2023 Financial Plan Quick Facts for highlights of the Final 2019 – 2023 Financial Plan.
Read the Final Budget in Brief for an overview of the plan.
2018 - 2022 Financial Plan
The Final 2018 – 2022 Financial Plan was adopted by Council on May 9, 2018. The budget reflects decisions made by Council during the budget review process in 2017 and the Spring of 2018.
Read the 2018-2022 Financial Plan Quick Facts* for highlights of the Final 2018 – 2022 Financial Plan.
*Revised June 1, 2018 for School District Tax Rate.